一体推进中小机构风险化解

Core Viewpoint - The resolution of risks and the healthy development of small and medium-sized financial institutions are crucial for financial security and the smooth operation of the real economy. The recent Central Economic Work Conference emphasized the need to "deeply promote the reduction and quality improvement of small and medium-sized financial institutions" [1]. Group 1: Risk Resolution and Development - The 2025 Government Work Report highlights the need to advance the risk disposal and transformation of local small and medium-sized financial institutions according to market-oriented and legal principles, employing methods such as capital replenishment, mergers and acquisitions, and market exit to categorize and resolve risks [1]. - A systematic legal framework for risk disposal and transformation is necessary, focusing on the establishment of a financial stability law that clarifies the conditions for triggering risk disposal, responsible parties, and available tools [1]. Group 2: Strengthening Deposit Insurance Functions - The role of deposit insurance institutions should shift from merely being a "payment box" to a "risk minimization" model, granting them stronger early corrective powers to address issues like capital depletion and governance failures in small and medium-sized financial institutions [2]. - Legal frameworks should provide clear guidance for market-based mergers and acquisitions of small and medium-sized financial institutions, ensuring fair asset and liability assessments and preventing moral hazards [2]. Group 3: Modern Financial Supervision - A modern regulatory system is required, integrating various forms of supervision, including institutional, behavioral, functional, and continuous oversight, to ensure all financial activities are regulated [3]. - Collaboration among central banks, financial regulatory authorities, deposit insurance institutions, local governments, and judicial departments is essential for effective risk disposal and transformation, preventing blind expansion and regulatory arbitrage [3].