The head of the relevant department of the China Banking and Insurance Regulatory Commission said on the 30th that recently, the Bank of China’s “Crude Oil” product investment has suffered large losses, which has aroused widespread concern in the market and public opinion. The China Banking Regulatory Commission is highly concerned about this risk event, and requires Bank of China to resolve issues in accordance with laws and regulations in the first place , negotiate with customers on an equal footing, respond to concerns in a timely manner, and effectively protect the legitimate rights and interests of investors. At the same time, requires Bank of China to sort out and clarify the problem as soon as possible , strict product management, strengthen risk management and control, and improve emergency management capabilities under abnormal market fluctuations. At present, the relevant situation is under further investigation .
Affected by the current epidemic situation, the international financial market situation is more complex and changeable, reminding financial consumers to further enhance investment risk awareness. The China Banking Regulatory Commission will continue to increase supervision and urge banks to further strengthen the risk management and control of account products . Once violations are found, they will be investigated and dealt with in accordance with laws and regulations to protect the legitimate rights and interests of financial consumers.
(Originally titled “Banking Insurance Regulatory Commission Responds to” Crude Oil “Product Investment Big Loss: Highly Concerned Related Situations Are Being Further Investigated”)