According to the preliminary statistics of the Journal of Securities, as of August 8 this year, at least 57 people have been sentenced to life ban in the administrative penalties issued and disclosed by the Banking and Insurance Regulatory Commission. Among them, many bank executives are also subject to both life-long bans and lifelong suspension of their qualifications.
Wang Lijuan, a researcher in the Strategic Research Department of Hengfeng Bank, told the Securities Daily that at present, the above two penalties are quite serious. For individuals, they basically mean the end of their banking career. In the past, regulators have imposed more penalties on institutions, relatively less on specific individuals and lighter penalties. From the point of view of business process, business is handled by specific personnel. Driven by relevant interests, some business personnel are more likely to take risks in the case of low illegal costs. At this time, strengthening the punishment of individual practitioners can better reflect the zero tolerance of supervision for violations of laws and regulations, and can also have a greater warning role for individual practitioners, and help to better control risks from the source.
Fifty-seven people were banned from employment for life as top punishment
In recent years, banking regulators have cracked down on violations of laws and regulations, but there are still not a few risk-takers.
Recent information released by the Banking Insurance Regulatory Commission (BIRC) shows that in recent years, the CBRC has continuously intensified its administrative punishment efforts to crack down on violations of laws and regulations in key areas. From 2017 to the first quarter of 2019, the CBRC punished 5305 persons responsible in the banking field, warned 3421 (persons) and cancelled 450 persons. 365 employees are prohibited.
In view of some serious violations of laws and regulations, the CBRC is not soft-handed in top punishment.
According to preliminary statistics published by the Securities Daily, as of August 8 this year, 55 banking tickets banning lifelong banking work were explicitly mentioned in the banking tickets issued by the Banking Insurance Regulatory Commission, the Banking Insurance Regulatory Bureau and the Banking Insurance Regulatory Sub-bureau. A total of 57 people were banned from banking for life.
What makes these employees banned for life? Reporters combed the following keywords, including illegal fund-raising, housing-related loan violations, bribery, lack of internal control and participation in fraud.
Violations of housing-related loans are the most common reason why bankers are banned for life. Among them, there are both development loans and mortgages. For example, in April this year, Liaoning Banking and Insurance Regulatory Bureau imposed severe penalties on three bank staff members for life-long prohibition, on the grounds that they were directly responsible for the illegal issuance of false mortgage loans.
In July this year, the Alxa Subbureau of the Banking and Insurance Regulatory Commission issued two fines, which banned two staff members of a state-owned bank from engaging in banking for life. The reasons include direct responsibility for issuing real estate development loans for enterprises with four certificates. It was very rare in the past to be punished for this reason.
The penalties imposed by regulators on bankers in the field of housing-related loans are also the focus of supervision. The Key Points of Work of Consolidating the Result of Conflicting Chaos and Promoting Compliance Construction issued by the Banking and Insurance Regulatory Commission clearly points out that the real estate industry policy is the key point of work. At the same time, in order to further implement the anti-chaos phenomenon results, the recent special inspection of housing-related loans in the banking industry may start.
In addition, the reporter combed the reasons for the violation and found that 22 of the above-mentioned tickets related to illegal loans, which may also have a lot of tickets related to housing loans.
Apart from real estate, some bankers participate in or even organize illegal fund-raising, participate in fraud and bribery because of their positions, which are also the main reasons why they are banned for life. Most of the relevant practitioners have been sentenced.
In addition, from the perspective of the financial institutions where the fined persons are located, the number of rural commercial banks fined life-long prohibition is the largest, 10 people, involving 9 agricultural and commercial banks; the second largest state-owned bank ranks, 9 people are banned for life, involving 4 banks; the third is rural credit cooperatives, 8 people are banned for life, involving 5 rural credit cooperatives; and six urban commercial banks are banned for life. It involves four City businesses.
From the regulatory area where the fined person is located, the Chongqing Supervisory Bureau of the CBRC and the sub-bureau of the CBRC have issued the most fines. Chongqing Banking Insurance Regulatory Bureau, Yongchuan Banking Insurance Regulatory Branch and Hechuan Banking Insurance Regulatory Branch issued seven fines, and six people were banned for life.
It is noteworthy that many branches of financial institutions have been banned for life because of violations of regulations in the tickets collected by journalists.
Twenty-one people were disqualified for life
In addition to the top penalty of lifetime banning, more and more bank employees have been disqualified for life. According to statistics, since this year, 21 people have been punished by the Bancassurance Regulatory Commission, the Bancassurance Regulatory Bureau and the Bancassurance Regulatory Sub-bureau for life. Among them, six rural commercial banks have been disqualified for life, the largest number. Five other bankers were not only banned for life, but also disqualified for life.
Wang Lijuan told the Securities Daily, Strengthening the punishment of individual practitioners can better reflect the zero tolerance of supervision for violations of laws and regulations, and can also give greater warning to individual practitioners, and help to better control risks from the source.
On May 17, this year, the official website of the Banking and Insurance Regulatory Commission issued the Notice on Consolidating the Result of Chaos Control and Promoting Compliance Construction. Within the scope of the national banking and insurance institutions, it carried out self-examination of the work of deepening the regulation of market chaos in 2018 and supervision and inspection to find out problems and rectify the accountability situation. As for the problem of interest collusion and relationship ties behind it, we should increase the accountability of those who violate laws and regulations in banking and insurance institutions, pursue serious accountability in accordance with relevant regulations, and achieve the goal of controlling people, keeping money and securing the firewall of the system.
Source: Liable Editor of Securities Daily: Yang Qian_NF4425