Background overview
In December 2023, the State Administration of Financial Supervision and Administration issued the Notice on Filling in the Off-site Regulatory Statements of the Banking Industry in 2024 (hereinafter referred to as the "System Notice"). The off-site regulatory report is an important starting point for regulators to monitor the risk status of banks, and the content of the system fully reflects the requirements of recent regulatory regulations and adapts to the development and changes of the financial industry. On the basis of a series of measures such as the Measures for the Risk Classification of Financial Assets of Commercial Banks (hereinafter referred to as the "Risk Classification Measures"), the Measures for the Capital Management of Commercial Banks (hereinafter referred to as the "New Capital Regulations") and the Measures for the Country-specific Risk Management of Banking Financial Institutions (hereinafter referred to as the "Country-specific Risk Management Measures") issued this year, the "System Notice" requires financial institutions to attach great importance to the statistical work of the new capital regulations, asset quality, real estate, inclusive finance and other items, which shows that refined risk management has become imperative.
2024-01-02