China’s financial watchdog, the China Banking Regulatory Commission(CBRC), has had a busy year so far.

The CBRC said Wednesday that it collected 190 million yuan (27.6 million US dollars) in fines in the first quarter of 2017. That amount accounts for 70 percent of the total fines collected in all of 2016. The CBRC said on March 29 that it had fined 17 financial institutions to the tune of nearly 43 million yuan (6.2 million US dollars) for violating rules and policies. Some of the biggest banks and insurance companies were among the offenders.

The central government has emphasized that systemic risk prevention is a top priority for financial institutions in 2017.