商业银行托管业务迎监管新规 明确八项禁止性职责和禁止性行为

Core Viewpoint - The Financial Regulatory Bureau has issued the "Supervision and Management Measures for Custody Business of Commercial Banks (Trial)" to enhance supervision and promote the healthy development of custody business in commercial banks [1][2]. Group 1: Key Provisions of the Measures - The Measures consist of five chapters and 49 articles, clarifying the concept and basic principles of custody business, detailing the responsibilities of custodians, and establishing management requirements [1]. - It emphasizes the need for a sound governance structure and outlines the supervisory responsibilities of regulatory authorities regarding custody business [1]. - The Measures also specify transitional provisions for implementation, aiming to strengthen risk management and promote high-quality development of custody services [1]. Group 2: Importance and Implications - The introduction of the Measures addresses the regulatory shortcomings in the custody business of domestic commercial banks, highlighting the importance of clearly defining roles and responsibilities [2]. - It aims to prevent the transfer of risks from custody products to the banks themselves, thereby enhancing financial stability [2]. - The Measures prohibit banks from assuming certain risks associated with custody products, such as credit and market risks, and from providing guarantees or liquidity support [2][3]. Group 3: Market Impact - The Measures aim to eliminate the misconception that bank custody equates to implicit guarantees, thereby establishing a clear risk isolation framework [3]. - Following the implementation of the Measures, competition among banks will shift towards asset security, operational efficiency, and transparency in information disclosure, moving away from reliance on implicit credit enhancement [3].