To clearly treat trust subsidiary boom-bree daniels

To clearly treat trust subsidiary boom Securities Times reporter Yang Zhuoqing China "from the general office of the CBRC on trust regulatory risk guidance" for the first time explicitly trust support to meet the conditions set up direct investment professional subsidiaries "to" trust "were mentioned again, the trust company according to the needs of business development, may apply for the establishment of and a wholly owned subsidiary of professional management table. For more than a year, the trust subsidiary has been given more and more important functional status, ushered in a wave of establishment boom. There is no doubt that professional development is the direction of the trust and trust companies in the transformation and upgrading of trust. At the end of 2014, Yang Jiacai, assistant chairman of China Banking Regulatory Commission, explicitly encouraged the trust company to set up a professional subsidiary when attending the annual meeting of China Trust industry. He said, "in the field of business segments, through the deepening of reform, the establishment of wholly-owned professional subsidiaries do fine. For example, the family trust subsidiary, mergers and acquisitions, overseas trust subsidiary trust subsidiary, professional sales subsidiaries." In addition, the trust company is the development, build a professional trust subsidiary platform there are three major motivations: first, innovation motivation. For example, through the establishment of a trust company international business professional trust subsidiary, improve the overseas market and business layout, is the inevitable choice of the natural requirement of the era and the development of the trust company; in the transition to asset management, wealth management institutions, to provide timely, efficient and professional service, also benefited from the different marketing or wealth management subsidiary platform. Two, isolation motivation. Trust companies traditionally take financing business as the leading factor, and the concept, means and tools of risk control are more focused on credit risk management. The "rigid cashing" of trust products is also a double-edged sword hanging over the industry. The establishment of professional subsidiaries can establish a firewall between the parent company, which is conducive to risk isolation and avoid transmission. Three, break through motivation. Under the existing framework of separate management and separate supervision, due to the lack of necessary regulatory coordination laws and organizational safeguards, the financial supervision departments have obvious differences in the supervision standards of similar business carried out by different institutions. The establishment of professional subsidiaries opens the breach of trust business development, and the practical significance is self-evident. For example, in 2015, the trust industry protection fund system was officially launched, although it can improve the overall ability of the industry to resist system risk, but it also objectively improved the cost pressure of the trust company. To work through a trust subsidiary, to a certain extent can reduce operating costs, increase the power transfer to the trust company business subsidiaries. However, although the regulators’ attitude towards the establishment of trust professional subsidiaries is very clear, many supporting rules are yet to be revised. According to the reporter, 2014 annual meeting of the trust industry, the regulatory authorities related positions, the future will introduce management measures for professional subsidiaries. In addition, some trust companies also received the requirements of the local banking regulatory authorities to submit special materials last year, one of which is the policy recommendations for the construction of professional subsidiaries of trust companies, including the regulatory system framework, and improve the existing business system amendments. It is precisely because of the weak supervision theory

要清醒对待信托子公司热潮   证券时报记者 杨卓卿   从《中国银监会办公厅关于信托公司风险监管的指导意见》首次明确“支持符合条件的信托公司设立直接投资专业子公司”,到《信托公司条例》再度提及,信托公司根据业务发展需要,可以申请设立并表管理的全资专业子公司。一年多来,信托子公司被赋予愈发重要的功能地位,迎来了一波设立热潮。   毫无疑问,专业化发展是监管层于信托公司转型升级的寄望方向。   2014年末,银监会主席助理杨家才在出席中国信托业年会时,明确鼓励信托公司成立专业子公司。他表示,“在业务细分领域,可以通过深化改革,设立全资专业子公司做专做精。比如家族信托子公司、并购信托子公司、海外信托子公司、专业销售子公司等。”   除此之外,正处转型发展期的信托公司,搭建专业信托子公司平台还有三大动因驱动:   一、创新动因。比如,信托公司通过设立国际业务专业信托子公司,完善海外市场和业务布局,是时代的自然要求和自身发展的必然选择;信托公司在向资产管理、财富管理机构转型过程中,提供及时、高效、专业化的服务,也得益于全国性异地营销或财富管理子公司平台的支撑。   二、隔离动因。信托公司传统上以融资类业务为主导,风控理念、手段、工具等更侧重于信用风险管理,信托产品的“刚性兑付”也是悬挂于行业上方的双刃剑。设立专业子公司,可以与信托母公司之间建立防火墙,有利于风险隔离,避免传导。   三、突围动因。在现有的分业经营、分业监管框架下,由于缺乏必要的监管协调法规和组织保障,各金融监管部门对不同机构开展的同类业务监管标准存在明显差异。设立专业子公司打开了信托公司业务发展的突破口,现实意义不言而喻。   例如,2015年信托业保障基金制度正式启动,虽然能够提高行业整体的抵抗系统风险能力,但是客观上也提高了信托公司的成本压力。通过信托子公司开展业务,一定程度上能降低公司运营费用,加大了信托公司向子公司转移业务的动力。   不过,尽管监管层对设立信托专业子公司的鼓励态度非常明确,但诸多配套细则却尚待修订。   据记者了解,2014年信托业年会上,监管部门相关领导表态,今后将针对专业子公司出台管理办法。此外,部分信托公司亦在去年收到地方银监机构报送专项材料的要求,其中一条即是对建设信托公司专业子公司的政策建议,包括对监管制度框架、完善现行业务制度的修改意见等。   正是因为目前尚处“弱监管”环境,信托子公司的风险管理防范也是值得注意的问题。   一些为了“回避”监管高压成立的信托子公司,实际上承担了转移某些业务的目的,加上信托公司在专业领域的管理经验远未完善,更有可能成为风险滋生地带。   对此,有关部门已经有意加大管控力度。中国基金业协会近日发布《关于进一步规范私募基金管理人登记若干事项的公告》中提到“私募基金管理人应当依法及时备案私募基金”,规定时间内没有备案私募基金产品,相应资质会被注销。   具体到信托公司层面,部分信托子公司可能面临被注销私募资质的风险。尽管这给信托公司的实际影响较小,但不失为信托子公司蓬勃发展的一剂清醒剂。 进入【新浪财经股吧】讨论相关的主题文章: