According to the Measures for the Administration of Financial Subsidiaries of Commercial Banks
Article 44 The bank's wealth management subsidiary shall withdraw the risk reserve according to 65,438+00% of the management fee income of wealth management products. When the balance of risk reserve reaches 1% of the balance of wealth management products, it may not be withdrawn.
The risk reserve is mainly used to make up for the losses caused to wealth management products or investors by the Bank's wealth management subsidiaries due to violations of laws and regulations, violation of wealth management product contracts, operational errors or technical failures.
Extended data
20 18 18 the head of the relevant department of China banking regulatory commission answered a reporter's question on February 2 on the measures for the administration of wealth management subsidiaries of commercial banks. The person in charge of the relevant departments of the China Banking Regulatory Commission said that commercial banks will no longer carry out wealth management business (except for continuing to dispose of existing wealth management products) after the exhibition of subsidiaries.
At the same time, financial subsidiaries should operate independently, be responsible for their own profits and losses, and effectively prevent business risks from spreading to the parent bank. The minimum registered capital of the financial subsidiary is RMB 654.38+0 billion. At the same time, other access conditions such as corporate governance, risk management, internal control, employees and management information system should be followed.
In terms of risk management, the person in charge of the relevant departments of the China Banking Regulatory Commission said that the wealth management subsidiaries of commercial banks have established a risk reserve system, requiring the wealth management subsidiaries to withdraw risk reserves according to 10% of the management fee income of wealth management products.
Strengthen the management of risk isolation and related party transactions, and require financial subsidiaries to establish an effective risk isolation mechanism with their shareholders and other related parties, and carry out business cooperation in strict accordance with the principles of commercialization and marketization to prevent risk contagion, interest transfer and regulatory arbitrage.
Baidu Encyclopedia-Measures for the Administration of Financial Subsidiaries of Commercial Banks
Phoenix. Com- CBRC: Require the wealth management subsidiaries of commercial banks to withdraw risk reserves according to the management fee income of wealth management products.