According to reports, on February 20th, 20 16 16, the private debt of 10 billion yuan issued by two companies of Guangdong Huizhou Qiaoxing Group on the platform of "Zhaocaibao" could not be paid due. The private debt was guaranteed by Zheshang Property Insurance Company, but the company said that the Huizhou Branch of Guangfa Bank issued a guarantee for it. Since then, more than 65,438+00 financial institutions have successively inquired about and claimed creditor's rights from Guangfa Bank through a package of guarantees and other agreements. This exposed cases of internal and external collusion, private seal carving and illegal guarantee between employees of Guangdong Development Bank Huizhou Branch and employees of Qiaoxing Group, involving about 654.38+02 billion yuan, including about 654.38+00 billion yuan from banking financial institutions, which were mainly used to cover up the bank's huge non-performing assets and operating losses.
According to the relevant person in charge of the China Banking Regulatory Commission, this is a major cross-industry and cross-market case in which internal employees of the bank collude with external criminals. The amount involved is huge, involving many institutions, with serious circumstances, bad nature and extremely bad social impact, which is rare in recent years. At the time of the incident, the bank's corporate governance was weak and there were many problems. First of all, the internal control system is not perfect, there are both multi-head management and management vacuum for branches. In particular, seals, contracts, authorization documents, business premises, office space and other aspects of management confusion. Secondly, the institutions involved turned a deaf ear to the regulatory bans on interbank and wealth management set by the regulatory authorities, and promised to protect the capital and income in violation of regulations, which seriously violated the law and regulations, disrupted the inter-bank market order and destroyed the financial ecology. Thirdly, the institutions involved illegally obtained credit from other financial peers in various ways, raised huge amounts of funds for enterprises that have already suffered serious risks, covered up the risk situation, and caused risks to expand and spread in some peer institutions, and the funds faced losses. Finally, the internal staff's awareness of law and discipline, compliance, risk and bottom line is weak. At the same time, the bank's business philosophy is biased, the assessment and incentive are not prudent, too much attention is paid to performance and ranking, and the management of employee behavior is neglected.
According to the relevant person in charge of the CBRC, in the next step, the CBRC will adhere to the principle of "surname supervision", strengthen supervision according to law, continuously deepen the rectification of chaos in the banking market, and seriously investigate and deal with all kinds of violations of laws and regulations. At the same time, actively guide the banking financial institutions to find the right position, return to the source, effectively improve the level of internal control and compliance, and truly form a banking compliance culture of "dare not violate the rules, can't violate the rules, and don't want to violate the rules" to ensure that the banking industry operates in compliance with the law.
I hope to intensify the investigation and let these dark sides have nothing to hide.