商业银行托管业务迎来监管新规

Core Viewpoint - The National Financial Regulatory Administration has established the "Interim Measures for the Supervision and Management of Custody Business of Commercial Banks" to enhance the supervision and management of custody services, ensuring standardized and healthy development of the business [1] Group 1: Regulatory Framework - The new measures clarify the basic rules for commercial banks to conduct custody business, emphasizing bottom-line requirements and detailed management standards for key aspects [1] - The measures aim to promote the integrity of legal contracts, improve internal governance, enhance service capabilities, and effectively manage risks [1][3] Group 2: Custody Business Principles - Commercial banks must adhere to principles of honesty, diligence, independence, and risk isolation when providing custody services [2] - The measures specify that banks should conduct thorough assessments of the capabilities and service levels before engaging in custody for non-standard assets [2] Group 3: Prohibited Responsibilities - The measures outline prohibited responsibilities and actions for banks, including taking on credit or market risks of custody products and providing guarantees for principal or returns [2][3] Group 4: Supervision and Management - Continuous supervision by the National Financial Regulatory Administration and its branches is mandated, with a focus on compliance and prudence in custody business [3] - Banks are required to establish a robust governance structure for custody business, addressing management systems, business independence, and data protection [3][4] Group 5: Risk Management and Independence - Banks must develop a risk management system that aligns with the scale and complexity of their custody business, ensuring effective separation from other business operations [4] - There is a need for stringent due diligence and management of custody products and partner institutions, with clear standards for client qualifications and product types [4]