B · Normal
[The State Administration of Financial Supervision: Require trust companies to identify assets, industries, regions, businesses and other key areas with relatively concentrated risk exposures and establish targeted risk control indicators] On October 30, the heads of relevant departments and bureaus of the State Administration of Financial Supervision answered reporters’ questions on the "Asset Management Trust Management Measures". What are the requirements of the "Measures" in terms of strengthening risk management and information disclosure of asset management trust business?
Answer: First, improve the comprehensive risk management system. It is required to establish a risk management system that matches the characteristics and risk status of trust products and establish a risk management system covering various risks. The second is to strengthen credit risk management. It is required to strengthen the credit risk monitoring and assessment of trust products and asset quality management, make full provision for asset impairment at the trust product level, classify financial asset risks on a quarterly basis, and take risk control measures in a timely manner. The third is to strengthen concentration risk management. Trust companies are required to identify key areas such as assets, industries, regions, and businesses with relatively concentrated risk exposures, establish targeted risk control indicators, and formulate risk prevention and control plans. Strengthen the limit management of non-standardized debt assets invested by trust companies. The fourth is to strengthen market risk management. It is required to improve market risk control strategies and methods, establish appropriate information systems, strengthen monitoring of market price fluctuations of underlying assets, and take timely risk management measures. Fifth, strict liquidity risk management.
In accordance with the new asset management regulations, the debt leverage ratio is clarified, and the debt method is more strictly restricted. Clarify the requirements for the establishment of a liquidity risk management system, maturity matching of trust products and liquidity risk emergency plans. Sixth, operational risk management requirements are clarified. Establish a full-process operational risk prevention and control mechanism, evaluate the performance of each trust product's entrusted duties, and confirm estimated liabilities in accordance with corporate accounting standards. Seventh, strengthen information disclosure requirements. Strengthen the connection with the information disclosure system of asset management products, urge trust companies to disclose trust product information in accordance with regulatory regulations and documents, and improve transparency.
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