Industry insiders: commercial banks need to speed up to make up for the shortcomings of the internal control system in order to carry out fund consignment business.

(industry insiders: commercial banks need to speed up to make up for the shortcomings of the internal control system in carrying out fund consignment business)-according to information released on the website of Jiangsu Securities Regulatory Bureau a few days ago, Kunshan Agricultural Commercial Bank has been suspended from accepting applications for trading accounts from new investors for six months because of violations in four aspects: system construction and implementation, internal control, system construction, and assessment mechanism. At present, there are frequent fines related to fund consignment violations in commercial banks. In addition to Kunshan Agricultural Commercial Bank, more than 10 banks have been ordered by regulators to correct irregularities in fund sales business this year. From the perspective of violations, problems such as "driving without a license", "beating chicken blood" examination, non-compliance of product access and imperfect risk control system have all attracted the attention of the regulatory authorities. Industry insiders believe that commercial banks need to "practice their internal skills" to carry out fund consignment business and speed up to make up for the shortcomings of the internal control system. (China Securities News)