Continue to streamline administration and delegate power to optimize the work procedure of banking market access The head of the relevant departments of the Banking and Insurance Regulatory Commission answers reporters' questions on the amendment of some administrative licensing regulations

Q: What is the background to the release of The Decision?

A: In order to continue to streamline administration and delegate power, optimize banking market access procedures, and build a consistent system of internal and external market access rules, the China Banking and Insurance Regulatory Commission drafted the Decision of the China Banking and Insurance Regulatory Commission on Revising Some administrative Licensing Regulations.

Q: What amendments have been made to the examination and approval of the qualifications of senior executives of banking institutions in the Decision?

A: In order to deepen the requirements of "discharge service" and consolidate the main responsibility of the institution, the "Decision" further reduces the scope of qualification approval, cancels the head of the internal audit department of Chinese commercial banks, the head of the financial department, the head of the managed branch of Chinese commercial banks, the head of the branch of the franchised institutions, the head of the internal audit department, the head of the financial department and the head of the compliance department of rural small and medium-sized banks. The qualification approval of the head of the compliance department of the provincial (autonomous region) rural credit cooperative association shall be changed to the reporting system. In the next step, the regulatory authorities will focus on strengthening the in-process and post-operation supervision of the selection and employment of institutions and the performance of relevant personnel to improve the quality and effectiveness of supervision.

Q: What amendments have been made to the examination and approval items for bank bond issuance in the "Decision"?

A: First, the administrative license for the issuance of non-capital bonds should be cancelled, and it should be reported to the CBRC or the local provincial office within 10 days after the issuance of non-capital bonds. The second is to clarify the issuance mechanism of capital bonds, the relevant institutions can independently decide the specific instrument varieties, issuance time, batch and scale within the approved quota, and the institutions should complete the issuance within 24 months after the approval.

Q: How is the "Decision" open to the public for comment?

A: During the public consultation of the "Decision", banking institutions, banking practitioners, experts and scholars mainly put forward relevant opinions and suggestions on the scope and conditions of approval of senior executives, and the issuance mechanism of capital bond storage shelves. We have carefully studied these opinions and suggestions, adopted the opinions and suggestions that are in line with the actual supervision and conducive to improving the standardization and scientific nature of administrative licensing, and revised and improved the content of the Decision. As for suggestions such as modifying the tenure conditions of senior executives and clarifying the impact period of negative situations, I will fully consider the coordination with other regulatory provisions, further study and demonstrate, and timely study and improve relevant provisions in the next step.