Cui Yu, a counselor of the People's Bank of China, said that it is recommended to further strengthen the interconnection of financial infrastructure, explore the establishment of a financial data sharing mechanism, and form a unified data sharing standard and specification.Through the data sharing demonstration of the financial industry, explore the formation of the basic theory of data factor market, and improve the relevant systems related to data confirmation, openness, circulation, and trading.
According to Reuters, Cui Yu said that specifically, it is recommended that the relevant departments are led to establish the data collaborative governance system of the financial industry, promote the construction of financial infrastructure data governance specifications, improve the data governance system of financial institutions, guide institutions to strengthenData governance, improve data security, improve data quality, and give full play to the value of data.
She pointed out: "Improve the data security classification standards in the existing industry, promote important data identification and identification of the financial industry, form an important data catalog in the industry, and allow the financial industry to flow and secure use.Effective evaluation. "
Cui Yu believes that in terms of supervision, it is recommended to study the establishment of an industry association self -discipline organization to strengthen the management and supervision of personal information processing activities; accelerate the formulation of relevant systems or filing related systems for financial technology operations, and will provide processing and transmission of data fintech servicesBusiness is included in the regulatory system to prevent cross -risk protection of data security in the financial industry and promote the development of compliance of fintech.
In March 2020, the six departments including the Central Bank of China and the Development and Reform Commission jointly issued a notice that the scope of coordination of financial infrastructure includes the financial asset registration custody system, liquidation settlement system, transaction facilities, transaction report library, important payment system, basic fundSix types of facilities and its operating agencies such as credit reporting systems.
Financial infrastructure refers to the system and institutional arrangement of providing basic public services for various financial activities, and it is also the basic guarantee for the operation of the financial market.Strengthening the overall supervision of financial infrastructure is one of the important contents of the international financial supervision reform after the financial crisis in 2008. The international regulatory organization has issued relevant standards to require countries to follow the implementation.
