“Our company has confirmed that it has not received the draft for comments.” As of November 7, at least 10 respondents including state-owned big banks, large stock houses, and city/agricultural banks have been interviewed.bankThe Chinese reporter of the brokerage firm clearly stated.
The documents they refer to refer to the banking industry, consumer finance companies, Internet companies involved in consumer credit business, loan diversion providers, P2P and other high-profile "Commercial Bank Internet Loan Management Measures (Draft for Comment)." Among them, the restrictions on the loan balance issued by local commercial banks to the outside of the province and the proportion of the capital contribution of the joint loan participants are not controversial.
A credible source close to supervision told reporters that regulation does intend to regulate the bank's Internet loan business. The current version of the document is not the last version, and there is a possibility of change.
At least two regulations to be further clarified
"The draft has not yet been issued. The version that was circulated yesterday may be in the discussion itself. If the content is unexpected, the content is unexpected, and there are regulations that have already been applied for three times." Business executives told reporters.
Integrated with other banking professionals andAnalystInterviews, the current regulations and their impact, as well as some industry players hope that the supervision can further clarify the concept of the following views.
Banks engaged in Internet loan business need to obtain corresponding qualifications (according to the Commercial Bank Law, with e-banking business qualifications), compliance with small amounts, dispersion is the basic principle, no need to repeat them. On this basis, the supervision of the previous "Banking Financial Institutions Outsourcing Risk Management Guidelines", "Increase the efforts to carry out asset management business rectification through the Internet and carry out inspection and acceptance work" (ie No. 29), standardize the rectification of "cash loans" There are at least three articles mentioned in the relevant documents of the business:
First, banks may not provide funds for cooperative institutions that have no lending qualifications in any form, and may not jointly lend with lending institutions that do not have lending business qualifications. This regulation has been effective as early as the end of last year, directly cutting off any cooperation between commercial banks and non-licensed companies such as P2P on the capital and assets side;
Second, the bank may not directly make credit decision decisions based on the data provided by the data partner, and disguise the risk management responsibility of the loan;
Third, the bank may not outsource the core business links such as credit review and risk control to the partner institutions, and may not lend only based on the credit scores provided by the third-party cooperation agencies. These two swords refer to the loan-assisted model, which clearly stipulates that banks should not outsource the risk control link, and stipulates that the loan lending institutions can only act as front-end customers, and cannot directly distribute low-cost funds from banks to lenders to earn no Risk spreads.
Even though these three points are already well-known in the industry, there are still professional retail business people who point out that the loan lending boundary that the lending institutions intervene can be further clarified at the moment when the loan-sharing model has been essentially output from pure data to model output – “we Crediting will never be based on data provided by the partner. But there is a trend that many third-party organizations that hold customers (such as large Internet platforms) start to export models, especially for many small and medium-sized cities. The models themselves A large number of them are based on various unstructured parameters of third parties. Even customers are directly selected by the Internet giants. If I use these models and only assist some people's data, then this is not the supervision. 'Disguised loan risk in disguise'? How much can the involvement of many Internet company models be?" The retail business executive of the listed bank told reporters.
In addition to the above three points, there are also city commercial bank executives who told reporters that the definition of “external customers” should be further defined.
Yesterday's circulated document mentioned that “the balance of Internet loans issued by local commercial banks to customers in the province must not exceed 20% of the total balance of Internet loans”. It is not known whether this ratio will finally fall. However, some people in the banking industry have called for the regulation to clarify the definition of foreign customers in the following situations:
First, if the CBRC has already approved the urban branches of the branches in different places, if the customers of the remote branches apply for loans through the Internet channel, is it included in the balance of the customers in other provinces? Second, “external province” refers to the household registration of the customer, or is the location of the mobile phone equipment?
“These places are relatively detailed, and perhaps the supervision has been very clear, but I personally think that we can make it clear in the future,” said the city’s business executives.
If the whole landing, who has a big impact?
The proportion of the capital contribution of the participating parties in the joint loan was the biggest hot debate yesterday. Many analyses point to the total amount of lending by Internet banks such as Weizhong, Netcom, Xinwang, Zhongbang, etc., and the structure will be adjusted. The version circulated in this regulation is: the balance of all joint loans of commercial banks as the client's recommender shall not exceed 50% of the balance of Internet loans; the total joint loans of commercial banks accepted by customers shall not exceed 30% of the total balance of all Internet loans.
However, it must be noted that there are two participating entities involved in this regulation: one is to recommend the bank to the bank for the customer, referred to as the recommendation bank; the other is the bank of the recommended client, referred to as the recommended bank. Only by clarifying the role of Internet banks and city commercial banks in their respective roles can they discuss who the regulations are bound to.
The reporter interviewed one of the Internet banks, and the insiders did not disclose the proportion of the balance of the joint lending, but told reporters that there are many misunderstandings about the interpretation of the workshop - "Many interpretations say that our customers have many recommendations from the city farmer In fact, it is the opposite. We don't lack whitelisted customers, but we recommend customers to other banks. But the percentage of the recommended customers' balance is high, I really don't know." The Internet Banker said.
One situation that can be inferred is that banks that are not lacking in traffic, such as Weizhong and Internet merchants, should play the role of the customer recommendation bank in the joint lending model. The circulated regulations account for less than 50% of the total Internet loan balance, which means that at least half of the loans in the future need to be issued by Weizhong, the Internet merchants, and the New Network Bank.
Then the proportion of the recommended online loan balance should not exceed 30%, who is bound? Zeng Gang, director of the Research Office of the Institute of Finance of the Chinese Academy of Social Sciences, told reporters that this article has a greater impact on the direct banking business of some city commercial banks.
“Although it is not clear about the specific ratio, I believe that some direct-selling banks that rely heavily on external recommended passenger flows and have outstanding balances on loans to external customers are subject to this constraint. In addition, the direct sales banks of city commercial banks are also subject to lending quotas by other provinces. Influence." Zeng Gang told reporters.
"There is still a possibility. In fact, many small-scale commercial banks' direct-selling banking business is not a self-owned fund lending, but a matching client's fund. They match the financing needs of individuals or small and micro enterprises with the funding deadlines. The definition of Internet loan? If it does not belong, can this exemption?" A senior consumerfinancialThe former banker told reporters.
In summary, the direct banking business of Internet Banking and City Commercial Bank is subject to the participation ratio of the participating entities, and the impact is extremely core.
Will the source of funds for many lending entities be limited?
“The restrictions on the balance of loan loans from other provinces and the restrictions on the proportion of joint lending have a great impact on Internet platform companies and consumer finance companies. Some platform companies and consumer finance companies simply do not have so much money, so they only engage in joint lending. It’s all from the bank. Now, the bank’s money can’t flow in so much.” A large and medium-sized consumer finance company called.
In this regard, Zeng Gang put forward his own unique cognition - "joint loan business, become a financial market business." Zeng Gang believes that even if the final Internet loan supervision document will restrict the funding sources of some lenders, the bank can design credits ABS or credit assets in Yindeng Center after the loans are issued. Both internal funds and off-balance sheet funds can continue to invest in these products. That is to say, the source of funds of the bank is not only to simply issue loans together, but to generate funds and funds within a reasonable leverage through financial market operations.
"I don't think that supervision is not a stick to kill the joint lending model. In fact, this model is in line with the direction of development. It is only to clarify the rights and responsibilities of each party and clear out the risks." Zeng Gang stressed .
There are also bankers who have raised their own perceptions based on the normative industry perspective. "No matter whether the documents issued in the future will be more stringent or loose, it is good for the industry, because these regulations are mainly to prevent the risk of mutual debt," said a listed bank retail credit executive.
(Article source: brokerage China)