GB/T 42422-2023 English PDF

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GB/T 42422-2023: Financial institution risk management - Framework
Status: Valid

Standard ID	USD	BUY PDF	Lead-Days	Standard Title (Description)	Status
GB/T 42422-2023	199	Add to Cart	3 days	Financial institution risk management - Framework	Valid

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Basic data

Standard ID: GB/T 42422-2023 (GB/T42422-2023)
Description (Translated English): Financial institution risk management - Framework
Sector / Industry: National Standard (Recommended)
Classification of Chinese Standard: A11
Classification of International Standard: 3.06
Word Count Estimation: 10,157
Date of Issue: 2023-03-17
Date of Implementation: 2023-03-17
Issuing agency(ies): State Administration for Market Regulation, China National Standardization Administration

GB/T 42422-2023: Financial institution risk management - Framework

---This is a DRAFT version for illustration, not a final translation. Full copy of true-PDF in English version (including equations, symbols, images, flow-chart, tables, and figures etc.) will be manually/carefully translated upon your order.
ICS 3.06 CCSA11 National Standards of People's Republic of China Risk Management Framework for Financial Institutions Released on 2023-03-17 2023-03-17 Implementation State Administration for Market Regulation Released by the National Standardization Management Committee

table of contents

Preface I 1 Scope 1 2 Normative references 1 3 Terms and Definitions 1 4 Basic Requirements 1 5 Risk Management Principles 1 5.1 Compatibility principle 1 5.2 Full coverage principle 1 5.3 Independence principle 1 5.4 Effectiveness principle 2 5.5 Foresight Principle 2 5.6 Principle of Compliance 2 5.7 Principle of least impact 2 6 Risk Management Framework 2 6.1 Risk Governance Framework 2 6.2 Risk management strategy, risk appetite and risk limit 2 6.3 Risk Management Policies and Procedures 3 6.4 Stress Test 3 6.5 Risk management information systems and data quality4 6.6 Internal Control and Internal Audit 4 6.7 Emergency Mechanism 5 Reference 6

foreword

This document is in accordance with the provisions of GB/T 1.1-2020 "Guidelines for Standardization Work Part 1.Structure and Drafting Rules for Standardization Documents" drafting. Please note that some contents of this document may refer to patents. The issuing agency of this document assumes no responsibility for identifying patents. This document is proposed and managed by the National Financial Standardization Technical Committee (SAC/TC180). This document is drafted by. China National Institute of Standardization, China Financial Education Development Foundation, Beijing Fund Town Management Committee, CICC Financial Certification Center Co., Ltd., Central University of Finance and Economics, Agricultural Bank of China Co., Ltd., Bank of Communications Co., Ltd., Industrial and Commercial Bank of China Bank Co., Ltd., Bank of China Co., Ltd., China Banking Association, Beijing Institute of Financial Informatization Co., Ltd., China China Construction Bank Co., Ltd., Guotai Junan Securities Co., Ltd., Shanghai Information Security Evaluation and Certification Center, Tsinghua University. The main drafters of this document. Huang Shuai, Yang Ziqiang, Wang Weiwei, Li Xiaohui, Zhou Yichen, Wei Anji, Xie Zongxiao, Li Jian, Wang Hui, Gou Qin, Guo Jianguang, Jiang Fuwei, Chen Ying, Wu Kai, Shi Xiuhong, Xie Ting, Xu Hongxi, Huang Yizhen, Wang Xun, Li Kuan, Yang Xi, Li Lin, Bian Peng, Yu Feng, Li Hongda, Wang Bolu, Wu Dagang. Risk Management Framework for Financial Institutions

1 Scope

This document stipulates the basic requirements for risk management of financial institutions, and establishes the principles and framework of risk management. This document is applicable to the construction and practice of the risk management system of financial institutions. Local financial organizations can refer to this document to develop risk management system Construction and risk management practice.

2 Normative references

The contents of the following documents constitute the essential provisions of this document through normative references in the text. Among them, dated references For documents, only the version corresponding to the date is applicable to this document; for undated reference documents, the latest version (including all amendments) is applicable to this document. GB/T 42339-2023 Risk Management Terminology for Financial Institutions

3 Terms and Definitions

The terms and definitions defined in GB/T 42339-2023 apply to this document.

4 Basic requirements

Financial institutions should establish a sound risk management system, formulate risk management strategies, use risk management methods and tools, and Risk preference, control and management of credit risk, market risk, liquidity risk, operational risk, country risk, reputation risk, strategic risk risk, information technology risk, compliance risk, bank book interest rate risk, insurance risk, cross financial risk, information security risk, conduct risk The risk management system is regularly evaluated, and the risk management work is improved according to the evaluation results.

5 Risk Management Principles

5.1 Compatibility principle Risk management is adapted to the risk status and systemic importance of financial institutions, and adjusted according to environmental changes. 5.2 Principle of full coverage Risk management covers all businesses of financial institutions, all branches, affiliates, departments, positions and personnel, all types of risks and different The interaction between risk and risk runs through all management links including decision-making, implementation and supervision, and strengthens the relationship between financial institutions and shareholders and actual Control the management of related transactions between people and others to prevent moral hazard. 5.3 Principle of Independence The risk management organizational structure is independent of other business lines, giving the risk management line sufficient authorization, human resources and other resource allocation. Establish a scientific and reasonable reporting channel. ......

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