The State Financial Supervision and Administration Bureau answered a reporter’s question on ＂Notice on Strengthening the Management of Municipal Branches of China Export Credit Insurance Corporation＂

　　Cctv newsAccording to the website of the State Financial Supervision and Administration, the State Financial Supervision and Administration recently issued the Notice on Strengthening the Management of Municipal Branches of China Export Credit Insurance Corporation (hereinafter referred to as the Notice), and the heads of relevant departments answered questions from reporters.

　　1. What is the background of the formulation of the Notice?

　　A:In the early stage, the General Administration of Financial Supervision cleaned up and standardized the establishment of branches of China Export Credit Insurance Corporation (hereinafter referred to as Export Credit Insurance Corporation), and promoted the optimization of the branch layout of the company. In order to consolidate the results of clearing up the norms, make up for the shortcomings of the supervision system, and further strengthen the supervision and management of the municipal branches of export credit insurance companies, the General Administration of Financial Supervision drafted the Notice on the basis of extensively soliciting opinions from all parties.

　　Second, please introduce the main contents of the Notice?

　　A:One isComprehensively strengthen internal management. The Notice systematically standardizes the management requirements for municipal branches in terms of personnel management, post checks and balances, business scope, risk compliance, internal control and internal supervision.

　　twobeStandardize system construction and data management. The Circular requires municipal branches to realize independent statistics of business data and independent accounting of financial data, and report regulatory information to local regulatory agencies on time and accurately.

　　threebeClarify the regulatory requirements and responsibilities. The "Notice" clarifies that the municipal branches shall implement supervision and management according to the relevant requirements of the central branch of the insurance company, and the supervision responsibilities shall be divided according to the principle of territoriality.

　　3. What other work arrangements will be made after the issuance of the Notice?

　　A:In the next step, the General Administration of Financial Supervision will do a good job in the implementation of the Notice, guide the supervision bureaus to effectively strengthen the supervision and management of the municipal branches of export credit insurance companies, comprehensively improve the standardization and refinement of their internal management, give full play to the role of export credit insurance policy tools, and solidly and effectively serve the stable scale and excellent structure of foreign trade.