What does a bank insurance supervisor do?

The full name of China Banking Regulatory Commission is Bank of China Insurance Regulatory Commission, which is directly affiliated to the State Council. Its main duties are to conduct unified supervision and management of the banking and insurance industries in accordance with the law, safeguard their lawful and steady operations, prevent and resolve financial risks, protect the legitimate rights and interests of financial consumers and maintain financial stability. The Insurance Regulatory Commission of the Bank of China is a directly affiliated institution of the State Council, and it is a ministerial-level institution.

Mainly responsible for the supervision of banking and insurance. The main responsibilities are to supervise and manage the banking and insurance industries according to law, safeguard their lawful and steady operations, prevent and resolve financial risks, protect the legitimate rights and interests of financial consumers and maintain financial stability.

This work includes the following aspects:

1. Implement unified supervision and management of the banking and insurance industries throughout the country, and safeguard the lawful and steady operation of the banking and insurance industries.

2. Banks or insurance companies that investigate and deal with illegal acts according to law.

3. standardize the organization and business behavior of the banking and insurance industries,

4, in accordance with the relevant provisions of the state issued a unified national banking and insurance regulatory data report.

5. Establish a risk monitoring, assessment and early warning system for China's banking and insurance industries, track and analyze their operating conditions, and realize timely monitoring and forecasting.

6, crack down on illegal financial activities, responsible for the identification, investigation and stop of illegal fund-raising and related organization and coordination.

Business includes:

(1) Approve the establishment, alteration and termination of insurance institutions;

(2) To supervise and inspect the business activities, financial status and capital utilization of insurance companies, investigate and deal with illegal business practices of insurance companies, supervise the solvency of insurance companies and protect the interests of the insured;

(3) Formulating, revising or filing insurance clauses and insurance rates, and supervising insurance products of insurance companies;

(4) investigate and ban illegal insurance institutions and illegal or disguised insurance business.