明确基本规则、细化管理标准 商业银行托管业务迎来监管新规

Core Viewpoint - The National Financial Regulatory Administration has established the "Supervision and Management Measures for Custody Business of Commercial Banks (Trial)" to enhance the supervision and management of custody services, ensuring standardized and healthy development of the business [1] Group 1: Overview of Custody Business - Custody services provided by commercial banks have expanded steadily, covering a variety of financial products such as wealth management products, trust funds, and pension funds, effectively meeting diverse needs for asset custody, product accounting, and asset valuation [1] - The new measures aim to improve the professionalism, refinement, and standardization of custody services, as well as risk management capabilities in response to the ongoing development of a high-standard market system and deepening market-oriented reforms [1] Group 2: Key Regulations and Responsibilities - The measures specify that commercial banks must adhere to principles of honesty, diligence, independence, and risk isolation when providing custody services, ensuring the independence of the custodial assets [2] - Commercial banks are required to conduct thorough assessments of their capabilities and service levels before engaging in custody services for non-standard assets, including evaluating the capital strength, governance, compliance, risk control, and market influence of product managers [2] - The measures outline prohibited responsibilities and actions for commercial banks, including assuming credit or market risks of custodial products and providing guarantees for principal or returns [2] Group 3: Supervision and Management - The measures emphasize the need for continuous supervision by the National Financial Regulatory Administration and its branches, enhancing cross-departmental regulatory collaboration and incorporating compliance and prudence into regulatory ratings [3] - Commercial banks are required to establish a robust governance structure for custody business, with specific norms for management systems, business independence, authorization control, and data protection [3] Group 4: Internal Management and Risk Control - To effectively manage risks, commercial banks should develop a risk management system that aligns with the scale and complexity of their custody business, ensuring proper authorization management and establishing checks and balances [4] - The independence of custody business must be reinforced by isolating it from other operations, including personnel, physical locations, accounts, and data management systems [4] - Commercial banks must protect and utilize custody data and client information effectively, while also conducting due diligence on custody products and partner institutions [4]