“审慎监管与行为监管”对商业银行金融科技的影响研究  

“Prudential Regulation and Behavioral Supervision”on the Impact of Commercial Banks Financial Technology

作　　者：张晓燕[1] 何德旭[2] ZHANG Xiaoyan;HE Dexu(School of Finance,Shanxi University of Finance and Economics,Taiyuan 030006,China;Chinese Academy of Social Sciences Institute of Financial Strategy,Beijing 100006,China)

机构地区：[1]山西财经大学金融学院,山西太原030006 [2]中国社会科学院财经战略研究院,北京100006

出　　处：《审计与经济研究》2023年第4期105-115,共11页Journal of Audit & Economics

基　　金：2023年度国家社会科学基金课题(现代金融监管与系统性金融风险防范研究)。

摘　　要：基于将所有金融科技活动全面纳入金融监管中来的思路,以商业银行金融科技为切入点,分析了“审慎监管与行为监管”的监管框架助力商业银行金融科技的内在机理,为“审慎监管与行为监管”在商业银行金融科技中的有效性提供经验证据。研究表明:宏观审慎政策能够有效降低商业银行风险承担,而更具统一性和标准性的微观审慎监管则在盈利端发挥更强的促进作用,但其中杠杆率存在门槛效应;“审慎监管与行为监管”在提高盈利方面的作用,与降低风险方面的作用相比相形见绌。因此,我国应进一步深化“审慎监管与行为监管”在金融科技发展中起重要作用的认知,稳步实现将金融科技活动纳入监管、有效统筹好“审慎监管与行为监管”助力商业银行金融科技的职能,充分发挥两者的互补性,并在金融监管与金融科技创新博弈过程中,及时准确地根据商业银行创新行为适时灵活调整杠杆率,充分发挥杠杆监管的作用,为监管提质增效。Based on the idea of fully incorporating all financial technology activities into financial regulation,this paper takes the fintech of commercial banks as the entry point,analyzes the internal mechanism of the regulatory framework of“prudential regulation and behavioral regulation”to help the fintech of commercial banks,and mathematically verifies the effectiveness of“prudential regulation and behavior regulation”in the fintech of commercial banks.The results show that macro-prudential policies can effectively reduce the risk taking of commercial banks,while more uniform and standard micro-prudential supervision plays a stronger role in promoting the profit side,but there is a threshold effect of leverage ratio.The role of“prudential and behavioral regulation”in boosting profits is dwarfed by its role in reducing risk.Therefore,our country should further deepen the cognition that“prudential regulation and behavior regulation”plays an important role in the development of financial technology,steadily realize to bring financial technology activities into supervision,and effectively plan the functions of“prudential regulation and behavioral regulation”in the application of financial technology in commercial bank,give full play to the complementarity of the two,and in the game process of financial regulation and financial technology innovation.The leverage ratio should be adjusted timely and flexibly according to the innovative behavior of commercial banks,and the positive role of leverage regulation should be fully brought into play to improve the quality and efficiency of supervision.

关 键 词：宏观审慎政策 微观审慎监管 行为监管 商业银行 金融科技 

分 类 号：F832[经济管理—金融学]