The maximum fine and confiscation exceeded 60 million yuan, and the State Administration of Financial Supervision issued 10 fines
On May 17, the State Administration of Financial Supervision released 10 administrative penalty information disclosure forms, with the maximum fine and confiscation amount in a single form reaching 67.2398 million yuan. This round of penalties involves relevant responsible personnel such as Ping An Bank, PICC Property & Casualty Insurance, Ping An Property & Casualty, Ping An Health Insurance, as well as the then senior executives of the above-mentioned banking and insurance institutions.
Ping An Bank was fined and confiscated 67.2398 million yuan
The State Administration of Financial Supervision confiscated illegal gains and fined Ping An Bank a total of 67.2398 million yuan. Among them, the head office is 60.7398 million yuan and the branches are 6.5 million yuan. At the same time, six responsible personnel including the then senior executives of Ping An Bank were given warnings and fined.
Ping An Bank was fined for five violations of laws and regulations.
First, in terms of corporate governance and internal control, including: individual senior executives actually performed their duties without approval of their qualifications, the same shareholder substantively nominated directors in excess of the proportion, the proportion of deferred payment of performance remuneration for some positions was lower than regulatory requirements, and review and approval was not carried out in accordance with regulatory requirements. Major related transactions, etc.
The second is the credit business, including: issuing credit loans to related parties, illegally issuing merger and acquisition loans, working capital loans, and personal loans, non-compliant uses of working capital loans and personal loans, and insufficient accountability after credit responsibility is determined.
The third is interbank business, including: illegally accepting credit guarantees from third-party financial institutions, branches bearing non-standard investment credit risks, using interbank investments to cover up asset losses, delaying risk exposure, providing land reserve financing, illegally advancing redemption funds for a certain product, The non-standard investment business of the same industry did not include sufficient risk-weighted assets, and funds were raised in the precious metal industry fund model for equity investment in violation of regulations.
The fourth is the financial management business, including: illegal provision of financing to financial products, fictitious risk mitigation products, failure to accrue risk-weighted assets, use of financial management funds on behalf of clients for the bank’s self-operated business, mutual trading of financial products, and improper disclosure of financial product information. In compliance with regulations, financial investment in "famous stocks and real debt" assets are not included in the investment statistics of non-standard debt assets, and the essence of the structured deposit business is a "fake structure", etc.
The fifth is other aspects, including: some off-site supervision statistics are inconsistent with the facts, the bank acceptance bill margin comes from loan funds, and there is no need analysis and risk tolerance assessment of the policyholders.
The State Administration of Financial Supervision fined PICC Property & Casualty a total of 6.81 million yuan. Among them, the head office is 2.21 million yuan and the branches are 4.6 million yuan. At the same time, 25 relevant responsible personnel were given warnings and fined.
PICC Property and Casualty Insurance and its responsible personnel were fined for the following illegal and illegal facts: falsely reporting direct business as intermediary business to obtain handling fees; under-provisioning for asset impairment; irregular bidding management; bundling sales of insurance products for agricultural financing business ; Relevant reports, statements, documents and information are untrue; handling fees are listed across years, etc.
The State Administration of Financial Supervision fined Ping An Property & Casualty a total of 5.95 million yuan. Among them, the head office is 5.15 million yuan and the branches are 800,000 yuan. At the same time, 12 relevant responsible personnel were given warnings and fined.
Ping An Property & Casualty and its responsible personnel were fined for the following illegal and non-compliance facts: telemarketing business gave or promised to give policyholders and insureds other benefits other than those stipulated in the insurance contract; expenses that should be allocated to branches were not allocated; expenses were delayed in the account ;Accounting is inaccurate; there are errors in the annual settlement data submitted to the China Insurance Statistical Information System; telemarketing recording materials are not kept as required; internal control management is non-compliant; shareholder loans are provided to project companies that are not pledged with their own assets; Illegal investment in RMB structured deposits; imperfect insurance fund utilization rules, mechanisms and system construction; entrusted investment to interfere with the trustee's normal performance of duties; investment trust plan basic assets beyond the scope of insurance fund use; solvency market risk and credit risk minimum capital calculations are incorrect Accurate; related transactions and related party reports are inaccurate, etc.
The State Administration of Financial Supervision fined Ping An Health Insurance 5.55 million yuan. At the same time, eight relevant responsible personnel were given warnings and fined.
Ping An Health Insurance and its responsible personnel were fined for the following violations: failing to submit changes to the company's articles of association to regulatory authorities for approval; failing to report director resignations to regulatory authorities; adding new offices without regulatory approval; failing to use registered records as required insurance terms and premium rates; deceiving policyholders and concealing important information related to the insurance contract; preparing false reports, statements and documents; failing to register the company’s insurance sales personnel as required; failing to conduct telephone return visits as required; and lax control over related party transactions. ; Weak financial management, etc.
