小额贷款公司风险监管之法经济学思考

The analysis of the risk-focused supervisory regime of micro-loan companies on the view of law and economics

小额贷款公司作为我国引导民间资本合法化的金融创新机构,对于缓解我国"三农"资金匮乏、提高金融业务的覆盖率具有重要的作用;在当前世界经济危机背景下,它的设立对于加速我国尽快走出世界经济危机阴影、促进我国城乡一体化建设具有十分重要的现实意义。但是,小额贷款公司作为非银行金融机构,同样会诱发金融风险。无视小额贷款公司金融风险的不作为将会让我们为之付出高昂代价,而高估小额贷款公司金融风险而严厉管控也会得不偿失。根据成本效益原则构建适合小额贷款公司的风险监管制度是完善我国金融监管体系的必要选择。

Micro-loan companies,as financial innovation institutions which guide the private capital to be legitimizing,play an important role in easing the lack of ＂San Nong＂ funds and improving the coverage of financial services in china.In the context of the current world economic crisis,the establishment of micro-loan companies has great practical significance in accelerating to go out of the shadow of the global economic crisis and promoting the integration of Chinese urban and rural areas.However,the micro-loan companies as the quasi-bank financial institutions,they will also induce financial risks.The inaction that ignores the financial risks of micro-loan companies will make us pay a high price,instead,the action that overestimates the financial risks of micro-loan companies and controls stringently will also make the loss outweigh the gain.According to the principle of cost-effectiveness,it＇s necessary to construct the risk-focused supervisory regime which fits the micro-loan companies to perfect our financial regulatory system.