Bank of China was fined 50.5 million yuan for the crude oil treasure incident. What does the crude oil treasure incident mean?

Bank of China was fined 50.5 million yuan for the crude oil treasure incident. What does the crude oil treasure incident mean? In fact, simply speaking, crude oil treasure is a product about financial management, involving foreign and domestic financial structures. However, due to the mistake of Bank of China, many buyers lost money, and they thought that the loss should be borne by Bank of China.

In 2020, due to the comprehensive factors such as COVID-19 epidemic, geopolitics and short-term economic shocks, the international commodity market will fluctuate violently. On April 20, 2020, US time, the official settlement price of CME monthly WTI crude oil futures contract was -37.63 USD/barrel, which triggered? Crude oil treasure incident.

First, since the crude oil treasure incident, the CBRC has posted the Bank of China on its website. Notice of punishment for crude oil treasure incident. China Bank Co., Ltd. was fined 50.5 million yuan, in addition, four employees were severely punished, with a total fine of 6.5438+0.8 million yuan. Bank of China? The illegal acts related to product risk events of crude oil treasure mainly include nonstandard product management, imprudent risk management, imperfect internal control management and nonstandard sales management.

In fact, in my opinion, it is an inevitable trend to punish BOC, but the money lost by the buyer because of BOC cannot be recovered. This practice of the CBRC does have the practice of calming down the incident, but it should not be judged by them.

Second, I think the Bank of China should come forward and provide the transaction details at this time. The incident has been fermenting for so long, and the focus of my debate now is whether the Bank of China cleared its position at that time and whether it really traded at -37 dollars. I think the Bank of China should make all the details of the transaction public. If it is really caused by the mistake of BOC, then BOC should take the initiative to bear the responsibility, and the loss amount should not be passed on to the investors of crude oil treasure.