I. Formulating and implementing financial supervision policies
The Financial Supervision Bureau is responsible for formulating and implementing financial supervision policies, including formulating financial laws, regulations and normative documents, regulating the behaviors of financial institutions and financial markets, and ensuring fairness, transparency and standardization of financial markets.
Two. Supervise the operation of financial institutions
The Financial Supervision Bureau is responsible for supervising various financial institutions, including banks, securities, insurance, futures and funds. The contents of supervision include examining and approving the establishment, alteration and termination of financial institutions, supervising and inspecting the business activities of financial institutions, and ensuring the compliance of financial institutions.
Three. Maintain the stability and security of financial markets.
The Financial Supervision Bureau is responsible for maintaining the stability and security of the financial market and preventing and handling financial risks. When the financial market is abnormal, the financial supervision bureau needs to take timely measures to prevent the spread and infection of risks and ensure the stability and security of the financial market.
Four. Prevent and deal with financial risks
The Financial Supervision Bureau is responsible for preventing and handling financial risks, including monitoring and early warning of market risks, credit risks and liquidity risks. When financial institutions have risks, the Financial Supervision Bureau needs to take timely measures to prevent the spread and infection of risks and ensure the stability and security of financial markets.
To sum up, the responsibilities of the Financial Supervisory Authority are very extensive, covering all aspects of the financial market. By formulating and implementing financial supervision policies, the Financial Supervision Bureau supervises the operation of financial institutions, maintains the stability and security of financial markets, prevents and handles financial risks, and guarantees the healthy development of financial markets and the legitimate rights and interests of consumers.
Legal basis:
Banking Supervision Law of the People's Republic of China
Article 2 provides that:
"the State Council banking regulatory agency is responsible for the supervision and management of the national banking financial institutions and their business activities. The banking financial institutions mentioned in this Law refer to commercial banks, urban credit cooperatives, rural credit cooperatives, other financial institutions and policy banks established in People's Republic of China (PRC). "
People's Republic of China (PRC) Securities Law
Article 7 provides that:
"the State Council Securities Regulatory Authority shall implement centralized and unified supervision and management of the national securities market according to law. The securities regulatory authority in the State Council may, if necessary, set up a representative office to perform the supervision and management duties according to the authorization. "
People's Republic of China (PRC) insurance law
Article 9 provides that:
"the State Council Insurance Regulatory Authority shall supervise and administer the insurance industry according to law."