On January 29, the State Administration of Financial Supervision and Administration (i.e., the "State Administration of Financial Supervision") released a summary of its work in 2023. Regarding the work related to supervision and law enforcement, according to the State Administration of Financial Regulation, in 2023, 4,750 banking and insurance institutions will be punished, 8,552 responsible persons will be punished, and a total of 78 fines and confiscations will be imposed3.8 billion yuan.
The reporter noted that in 2023, the State Administration of Financial Supervision will increase significantly compared with the previous two years in terms of the number of penalties imposed on banking and insurance institutions, the number of persons responsible for penalties and the amount of fines and confiscations; Especially in terms of the amount of fines and forfeitures, the amount of fines and confiscations in 2023 is about 27 times, 2 in 20219 times.
As for effectively improving the effectiveness of supervision, the State Administration of Financial Supervision said in the 2023 work review that it must be "long teeth and thorns", with edges and corners. At the same time, the entire system of the State Administration of Financial Supervision has adhered to the problem-oriented, grasped the main contradictions, grasped the substantive risks, paid close attention to the "key things", "key people" and "key behaviors", and effectively hit the board accurately and painfully.
According to the data on the official website, in 2022, the former China Banking and Insurance Regulatory Commission punished 4,620 banking and insurance institutions, punished 7,561 responsible personnel, and fined 28$9.9 billion; In 2021, these three sets of data will be 3,870 times, 6,005 people, and 26$9.9 billion;
Judging from the data, the State Administration of Financial Regulation, which has been officially listed for less than a year, has significantly increased the punishment of institutions for violations of laws and regulations. In fact, the amount of fines and forfeitures in the first three quarters of 2023 has already exceeded the level of 2022 and 2021.
At the press conference on the data and information of the banking and insurance industry in the third quarter of 2023 of the State Administration of Financial Regulation, Liu Zhiqing, the relevant person in charge of statistical information and risk monitoring, disclosed that in the first three quarters of 2023, the State Administration of Financial Supervision punished 2,978 banking and insurance institutions, punished 5,512 responsible personnel, and the total amount of fines and confiscations has reached the level of 6.3 billion yuan.
At the same time, in the year 2023, China has achieved remarkable results in combating illegal financial activities.
According to the State Administration of Financial Supervision, all localities and relevant departments have cracked down on illegal fund-raising and other illegal financial activities, a number of major cases have been investigated and dealt with, a number of lawbreakers and criminals have been severely punished, the average annual number of illegal fund-raising cases has dropped sharply from the peak, and the rate of closing cases with more than 100 million yuan has increased significantly.
In addition, the system of the State Administration of Financial Supervision has also expanded the protection of consumer complaints**, and the complaint channels have been greatly unblocked. Improve the third-party dispute mediation mechanism, and mediate 31 cases throughout the year650,000 pieces, helping financial consumers realize economic benefits 3636.9 billion yuan.
Edited by Ding Shuang and proofread by Jia Ning.