银行卡清算机构监管

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银行卡清算机构监管制度迎细化
Jin Rong Shi Bao· 2025-05-16 01:40
Core Viewpoint - The People's Bank of China and the Financial Regulatory Administration have jointly issued the "Management Measures for Bank Card Clearing Institutions," which will take effect on November 1, 2025, to enhance the regulatory framework for bank card clearing institutions and promote a healthy development of the bank card clearing market [1] Group 1: Market Development - The bank card clearing market in China has been gradually opening up since the State Council issued the "Decision on Implementing Access Management for Bank Card Clearing Institutions" in 2015, leading to the establishment of specific conditions and procedures for market access [2][3] - Currently, three institutions hold bank card clearing business licenses: China UnionPay, LianTong (Hangzhou) Technology Service Co., Ltd., and Mastercard Network Technology (Beijing) Co., Ltd., with the latter two being joint ventures [3] Group 2: Regulatory Enhancements - The new measures maintain the basic principles of the existing regulatory framework while refining the regulatory system to promote the healthy development of bank card clearing institutions and ensure orderly market operations [4] - The updated measures simplify the application materials for administrative licensing, enhancing efficiency and providing more convenience for clearing institutions [4] Group 3: Operational and Supervisory Management - The new measures introduce chapters on "Operational Management" and "Supervisory Management," establishing basic requirements for governance structure, business rules, and risk management systems for bank card clearing institutions [5][6] - The operational management chapter emphasizes independent operation and the establishment of internal control and accountability mechanisms, which are crucial for the development of the bank card market [6]
银行卡清算机构监管新规促行业规范发展
Guo Ji Jin Rong Bao· 2025-05-06 09:21
Core Viewpoint - The revised "Regulations on the Management of Bank Card Clearing Institutions" aims to establish a healthy and high-quality development framework for bank card clearing institutions, ensuring their safety and protecting financial consumer rights, effective from November 1, 2025 [1][2]. Summary by Relevant Sections Regulatory Mechanism Improvement - The revision addresses the need for a refined regulatory mechanism to promote the healthy development of the bank card clearing market, following the market's opening in 2015 and the initial regulations established in 2016 [2]. - The new regulations simplify administrative licensing requirements for bank card clearing institutions, enhancing transparency and optimizing the legal business environment [2][4]. New Features of the Regulations - The revised regulations introduce two new chapters on "Operational Management" and "Supervisory Management," detailing daily operational and regulatory requirements for clearing institutions [3]. - Specific requirements for risk management systems, information sharing, and reporting are established, mandating institutions to effectively identify and manage various risks, including credit, liquidity, operational, cybersecurity, data security, and reputational risks [3][4]. - Legal responsibilities for illegal clearing activities are clarified, with penalties for unauthorized operations and potential criminal prosecution for serious violations [3]. Market Development and Compliance - The regulations aim to enhance market entry and regulatory mechanisms, ensuring transparent and orderly market operations while promoting healthy competition among clearing institutions [4][5]. - By emphasizing risk management and penalizing illegal activities, the regulations create a fair competitive environment and encourage diverse market participation [5]. - The regulations also focus on improving compliance management, transitioning from quantity-based growth to quality-based growth for bank card clearing institutions [5][6].
事关银行卡清算机构,央行、金融监管总局发布
Huan Qiu Wang· 2025-05-01 01:10
Core Points - The new regulations aim to promote orderly competition and healthy development in the bank card clearing market while safeguarding the legitimate rights and interests of all market participants [2] - The regulations establish basic requirements for governance structure, business rules, standard systems, member management, internal control, risk management, and business continuity for bank card clearing institutions [2] - The regulations enhance the regulatory mechanism for bank card clearing institutions, maintaining existing principles while refining the regulatory system to align with the current state of the payment clearing industry [2][3] Group 1 - The regulations emphasize a legal framework by improving the application requirements for administrative licenses related to the preparation, establishment, and changes of bank card clearing institutions, aiming for transparency and efficiency in the licensing process [3] - The regulations support high-level openness by aligning with foreign investment regulations, ensuring equal standards for similar institutions, and enhancing the institutional framework for market openness [3] - The regulations balance development and security by refining operational requirements for bank card clearing institutions, strengthening oversight on business operations, member management, internal controls, and risk prevention [3]
央行、金融监管总局,联合印发
Zhong Guo Ji Jin Bao· 2025-04-30 14:10
Core Viewpoint - The newly released "Regulations on the Management of Bank Card Clearing Institutions" by the People's Bank of China and the National Financial Supervision Administration introduces two new chapters on operational management and supervisory management, effective from November 1, 2025, marking a significant update from the 2016 version [1][4][6]. Summary by Sections Regulatory Framework - The updated regulations refine the existing regulatory framework for bank card clearing institutions without major changes to the entry conditions and procedures, maintaining the basic principles established in the 2016 version [1][5][6]. New Chapters - The addition of the operational management and supervisory management chapters addresses potential issues faced by bank card clearing institutions in their daily operations [4][5]. - The operational management chapter specifies requirements for clearing business rules, member institution constraints, risk management frameworks, and outsourcing management [5][6]. - The supervisory management chapter clarifies the responsibilities of the People's Bank of China and its branches in overseeing bank card clearing institutions, including requirements for reporting significant matters and business activities [5][6]. Improvements and Transparency - The regulations enhance the clarity of administrative licensing requirements for the establishment, operation, and changes of bank card clearing institutions, aiming to promote transparency and efficiency in the licensing process [5][6]. - The regulations align with foreign investment regulations to ensure equal standards for similar institutions, reinforcing the institutional framework for the opening of the bank card clearing market [5][6]. Future Directions - The People's Bank of China and the National Financial Supervision Administration plan to implement the regulations effectively, focusing on compliance, risk management, and improving service levels in the bank card clearing sector [6][7].