According to the wechat official account of the China Banking and Insurance Regulatory Commission on the 18th, recently, the China Banking and Insurance Regulatory Commission issued the measures for the administration of the implementation of the expected credit loss law of commercial banks (hereinafter referred to as the measures). The measures are an important measure taken by the CBRC to standardize the internal control management and risk management of commercial banks. They are of great significance to consolidate the basis of provision management of commercial banks, improve the ability of risk prevention and resolution, promote the steady operation of banks and effectively serve the real economy.
The measures aims to standardize the internal control mechanism and management process of the implementation of the expected credit loss law of commercial banks, consolidate the basis of credit risk provision management, and focus on the following aspects: first, clarify the implementation and governance mechanism of the expected credit loss law. The measures stipulates the responsibilities of the board of directors and its special committees, the board of supervisors, senior management, leading departments and other relevant departments of commercial banks in the implementation and management of the expected credit loss law, focusing on strengthening the management approval responsibility of the board of directors and the supervision responsibility for the external audit quality of the implementation of the expected credit loss law second, consolidate the foundation for the implementation of the expected credit loss method. The measures require commercial banks to establish a complete management system of the expected credit loss method, establish an implementation management team of the expected credit loss method, develop information systems related to the expected credit loss method, and strengthen the accumulation of historical data and information collection and maintenance of credit risk third, standardize the implementation process of the expected credit loss method. The measures require commercial banks to improve the standardization and prudence of the implementation links of credit risk exposure risk grouping, stage division, model construction, forward-looking adjustment, management superposition, parameter management and model verification fourth, strengthen the supervision of the expected credit loss law. The measures require regulators at all levels to supervise the management of the expected credit loss law of commercial banks through off-site supervision and on-site inspection, take corresponding regulatory measures for existing problems, and impose administrative penalties in accordance with the law.
In the next step, the CBRC will guide and urge commercial banks to earnestly implement the measures, continuously improve the implementation level of the expected credit loss law of commercial banks, and promote the high-quality development of commercial banks.
