Group 1: Regulatory Changes - The revised risk control indicators aim to enhance the comprehensive risk management of securities companies, aligning with the central government's financial work meeting directives[1] - The new regulations will take effect on January 1, 2025, and include adjustments to six calculation tables related to net capital, risk capital preparation, and liquidity coverage[1] Group 2: Capital Calculation Adjustments - The calculation standards for subordinated debt with embedded options will now require a prudent approach, determining the inclusion ratio based on the duration excluding the option period[2] - The weight for equity securities and their derivatives in market risk capital preparation has been adjusted, with the weight for Shanghai 180 Index components reduced from 10% to 8%[4] - The calculation coefficient for securities companies rated A for three consecutive years has been lowered from 0.5 to 0.4, while the coefficient for those rated AA remains unchanged at 0.8[6] Group 3: Enhanced Risk Management - The liquidity coverage ratio and net stable funding ratio will now include bank acceptance bills and other specified assets, with differentiated discount rates applied[8] - The conversion coefficient for off-balance sheet asset management business has been increased from 0.3% to 0.5%[7] - New requirements state that a securities company and its subsidiaries cannot hold more than 50% of the total shares of a single collective asset management plan they manage, with a warning threshold set at 40%[8]
证券公司风控指标修订：风控新规强化主动管理 证券公司监管质效并重
Da Gong Guo Ji·2024-10-12 01:03