China News Agency, Beijing, May 8 (reporter Wang Enbo) in order to guide commercial banks to standardize the management of securities and effectively prevent and resolve credit risks, on the 8th, China Banking Regulatory Commission issued the guidelines on the management of commercial bank securities, bringing the management of securities into the comprehensive risk management system.
The so-called pledge refers to the property or right that the debtor or the third party guarantees the realization of the relevant creditor’s rights of the commercial bank, mortgaged or pledged to the commercial bank, and used to mitigate the credit risk.
When answering the reporter’s question, the person in charge of relevant departments of CBRC said that collateral is an important means for commercial banks to mitigate credit risks, and CBRC attaches great importance to the function of collateral in easing credit risks. At present, some commercial banks have some phenomena such as imperfect management system, irregular management process and inadequate risk management, and their risk mitigation ability has not been fully brought into play.
Therefore, the guidelines urge and guide commercial banks to strengthen the management of securities from three aspects. The first is to improve the management system of collateral, including perfecting the management framework of collateral management, clarifying post responsibilities, strengthening system construction, perfecting information system, etc. The second is to standardize the management process of collateral, and clarify the business processes in the management of collateral, such as investigation and evaluation, establishment of pledge, duration management, return and disposal, etc. The third is to strengthen the risk management of the pawns, and put forward specific requirements for the key links such as the classification of pawns, valuation methods and frequency, setting of the pledge rate, concentration management, stress testing, etc.
The person in charge pointed out that commercial banks should not only strengthen the management of collateral according to laws and regulations, ensure that the pledge guarantee can effectively protect the bank’s creditor’s rights, but also fully consider the risk factors of the collateral itself, prudently formulate the security management policy, and dynamically assess the value of the security and the risk mitigation effect. In addition, when commercial banks issue mortgage loans, they should take a comprehensive assessment of the debtor’s solvency as the premise to avoid over-reliance on collateral and neglect the first repayment source.
At present, China’s sub-industry enterprises, especially small and micro enterprises, encounter financing difficulties. One of the sticking points lies in the lack of collateral and guarantees. Will strengthening the management of pawns make this phenomenon worse?
In this regard, China Banking Regulatory Commission said that commercial banks should not only pay attention to the risk mitigation effect of collateral, but also not rely too much on pledge guarantees and ignore the calculation of customers’ cash flow, it is necessary to balance the relationship between guaranteed loans and credit loans. While strengthening the management of mortgage loans, it is necessary to issue credit loans reasonably to provide good financial services for the development of real economy, especially small and micro enterprises.
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China News Agency, Beijing, May 8 (reporter Wang Enbo) in order to guide commercial banks to standardize the management of securities and effectively prevent and resolve credit risks, the China Banking Regulatory Commission issued the “Guidelines on the management of commercial bank securities” on the 8th, which will be detained