In addition to imposing administrative penalties according to law, the China Banking Regulatory Commission also suspended the access of relevant businesses and branches of China Bank, and ordered China Bank to comprehensively sort out the responsibilities of relevant personnel in accordance with laws and regulations, and seriously investigate the responsibilities to ensure that those who have the right must be responsible, those who neglect their duties must be responsible, and accountability must be in place.
At the same time, the Bank of China was ordered to take effective measures immediately to rectify related problems and learn from them. China Banking Regulatory Commission and China will urge China Bank to strengthen its compliance awareness and improve its risk management capabilities.
Extended data
China Bank's "Crude Oil Treasure" product risk event;
At the beginning of this year, the international crude oil market continued to plunge. Brent crude oil futures prices plunged from more than $70 per barrel during the New Year's Day to April, hitting a recent oil price low of $ 12.
In late April this year, due to the sharp drop in international oil prices, the US crude oil futures price once showed the first "negative oil price" in history, that is, the oil price fell to a negative value, resulting in serious losses in crude oil products purchased by China Bank.
Some BOC customers even "exploded" because the oil price was negative after losing all the principal, that is, they owed a lot of money to BOC.
Securities Times-BOC was fined 50.5 million! The results of the handling of the "crude oil treasure" incident came out, and four major violations were identified.