Yang Shi Wang·2025-12-12 10:58Group 1 - The core viewpoint of the article is the introduction of the "Administrative Measures for the Supervision and Management of Custody Business of Commercial Banks (Trial)" to enhance the supervision and management of custody services provided by commercial banks, ensuring their healthy and standardized development [1][2]. Group 2 - The background for the formulation of the measures includes the steady expansion of custody services by commercial banks for various financial products, which has led to increased demands for professional, refined, and standardized management and risk control [2]. - The measures aim to clarify the basic rules for custody business, strengthen bottom-line requirements, and enhance internal governance and risk management capabilities of commercial banks [2][3]. Group 3 - The measures consist of five chapters and 49 articles, covering general principles, custody responsibilities, management requirements, supervision and legal responsibilities, and transitional provisions [3]. - Key contents include defining the concept and principles of custody business, detailing the responsibilities of custodians, establishing management requirements, and outlining the supervisory role of regulatory authorities [3]. Group 4 - Commercial banks are required to provide various services such as account opening, asset custody, settlement, accounting, asset valuation, information disclosure, and investment supervision, ensuring compliance with the measures [4]. - Banks must sign custody contracts that clearly outline compliance, risk disclosure, and the rights and obligations of all parties involved [4]. Group 5 - The measures stipulate that banks must establish a sound governance structure for custody business, with specific norms for management systems, business independence, and data protection [5]. - Regulatory authorities are tasked with enhancing ongoing supervision, regulatory penalties, and data reporting requirements [5]. Group 6 - Prohibited actions for banks in custody business include assuming credit or market risks of custody products, providing guarantees, or participating in investment decision-making [6]. - The measures aim to prevent banks from blurring the lines of responsibility and overexposing themselves to risks [6]. Group 7 - Internal management requirements include establishing a risk management system appropriate to the scale and complexity of custody business, ensuring independence from other business lines, and protecting data and client information [7]. - Banks must conduct due diligence on custody products and partners, implementing entry standards for clients and products [7].