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国家金融监督管理总局发布《中国出口信用保险公司监督管理办法》

The National Financial Regulatory Administration has released the "Regulations on the Supervision and Management of China Export Credit Insurance Corporation."

Breakings ·  Dec 20 18:41

In order to comprehensively strengthen financial regulation, enhance the quality and efficiency of financial services for the real economy, and promote the China Export Credit Insurance Corporation (referred to as Export Credit Insurance Company) to fully play its role as a policy-based financial tool, the Financial Regulatory Administration recently issued the "Regulations on the Supervision and Management of China Export Credit Insurance Corporation." The regulations consist of nine chapters and 70 articles, including general principles, functional positioning, corporate governance, risk management, internal control, solvency management, incentive constraints, supervision and management, and supplementary provisions. First, strengthen risk prevention and control. It requires the Export Credit Insurance Company to establish a vertically independent comprehensive risk management organizational structure, formulate risk management policies, strengthen line management, and clarify internal management requirements for seven major categories of risks, including insurance risk and credit risk. Second, improve internal control. It requires the Export Credit Insurance Company to establish a sound internal control and internal audit organizational structure, build an independent, centralized internal audit system, optimize corresponding functions, introduce systems for avoiding conflicts of duty and internal control evaluations, ensure full coverage of internal audits for branch offices, clarify accountability mechanisms, and reinforce internal management responsibilities. Third, enhance supervision and management. It requires the Export Credit Insurance Company to improve the evaluation index system, strengthen the evaluation of branch offices, and gradually establish a vertically independent evaluation system in line with risk management and internal control compliance, guiding resources to better fulfill the role of policy-based insurance. Fourth, enhance service capacity. Based on a full consideration of the actual situation of the Export Credit Insurance Company, relevant regulatory policies will be introduced to effectively utilize export credit insurance for risk prevention, loss compensation, financing promotion, and market expansion, thus better serving the high-quality development of trade.

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