The banking sector has seen a resurgence of regulatory dismissals. After the approval documents for the qualifications of senior executives of China CITIC Bank and Jiujiang Bank were revoked one after another, the director of a county-level rural credit cooperative was found to have been administratively punished twice after serving for two years, and did not meet the requirements for his post, and the regulatory authorities removed him from his post within a time limit.
The director, who had been in office for two years, was removed from office for a limited period of time and had been involved in decision-making for violations
According to the Altay Supervision Branch of the State Administration of Financial Regulation, the bureau approved Liu Haiying's application to be the director of the Fuhai County Rural Credit Cooperative on December 27, 2021. The administrative penalty of the central bank does not meet the relevant regulations on the qualifications of senior executives of banking financial institutions, so the bureau decided to revoke the approval document in 2021, and at the same time required the agency to remove Liu Haiyingfu from his position as director within 5 days from the date of issuance of the revocation decision.
△ Fuhai County Rural Credit Cooperative.
According to Article 8 of the Measures, the basic qualifications of the proposed and current senior managers of financial institutions include having a good record of abiding by the law, having a good conduct and reputation, and having a good economy. Financial practice records, etc., and at the same time, Article 9 stipulates that those who have been punished by regulators or other financial management departments for a total of more than two times do not meet the above conditions.
Xiangcai Plus search found that in 2019, Fuhai County Rural Credit Cooperatives were fined 400,000 yuan by the Altay Banking and Insurance Regulatory Bureau for inadequate internal control management, illegal loan issuance, and serious violations of prudent business rules, and at the same time, the then chairman of the society, Liu Dengtong, director, Xue Liang, chairman of the board of supervisors, Zeng Lingxue, deputy directors, Liu Haiying, and Jin Shengyong, all received fines, ranging from 50,000 to 70,000 yuan. Among them, Liu Haiying participated in the decision-making of violations and bore the main management responsibility; in the process of subsequent loan payment, he failed to be authorized in accordance with the rules and regulations, and was directly responsible for the leadership of the financial planning department, and was fined 60,000 yuan.
△ Liu Haiying's punishment in 2019.
The 2021 fine mentioned by the Altay Supervision Branch is that Fuhai Rural Credit Cooperatives violated the relevant regulations on RMB management, anti-money laundering, and protection of financial consumer rights and interests, and was given a warning and fined 270,000 yuan, and Liu Haiying was responsible for violating the relevant regulations on anti-money laundering and was fined 10,000 yuan.
Since the approval of her qualifications, Liu Haiying has served as the director of Fuhai Rural Credit Cooperatives for two years. The last time he appeared in public information was in August 2023, when he attended a joint meeting held by the agency and the Fuhai County Court to study and deploy the implementation of cases involving agricultural cooperative institutions. Liu Haiying said at the meeting that she would fully cooperate with the court to carry out the enforcement work, and hoped that with the joint efforts of both sides, she would strive to make new breakthroughs in the collection of non-performing loans in agricultural cooperative cases.
There are also senior executives of major state-owned banks who have been dismissed, and there are also directors who provide fake graduation certificates
This is the third case of the dismissal of senior executives of banking financial institutions recently disclosed by regulators. As mentioned in a previous article, it is rare for the regulatory authorities to revoke the approval documents after approving the qualifications, and the retrospective period is long, and even the approval documents of some banks 10 years ago have been revoked.
Among them, Cheng Wei, assistant to the president of the Urumqi branch of the China CITIC Bank, was dismissed from his post because he did not have a bachelor's degree or above, and he had not yet taken up his post for half a year; Zhou Qingling, president of the Hefei Baohe branch of the Jiujiang Bank, had his approval document revoked for falsifying his years of employment, and the retrospective period of the revocation decision was as long as 10 years, but Zhou Qingling had not actually held the aforementioned position for a long time.
Xiangcai Plus noticed that in addition to the above reasons, there were other reasons for the revocation of approval documents, and similar incidents have occurred in village and township banks and large state-owned banks.
△ Industrial and Commercial Bank of China.
The Huangshi Supervision Branch of the former China Banking and Insurance Regulatory Commission disclosed in September 2021 that the bureau approved Wang Dingbo's qualifications in February 2021, and after investigation and verification, the Hubei Branch of the Industrial and Commercial Bank of China failed to truthfully report that Wang Dingbo had a reconsideration of the determination of non-performing loan liability, and decided to revoke the approval and adjust his senior management positions within a time limit.
The former Chaozhou Banking and Insurance Regulatory Bureau disclosed in 2022 that the bureau approved Tao Qingling's qualifications for the head of the finance department of Chaozhou Chao'an Changjiang Village Bank in 2020.
In addition, there are information about the revocation of the falsification of graduation certificates. The Jiamusi Banking and Insurance Regulatory Bureau disclosed in 2021 that the bureau approved Liu Jinghui's application to be the chairman of the suburban rural credit cooperative in Jiamusi City in 2019.
统筹/新湘财 撰文/湘财Plus
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