互联网支付:金融风险与监管设计

Internet Payment: Financial Risks and Regulation Design

互联网支付是互联网金融的基石。监管部门在加大监管力度时,支付机构若严格依据法规管理商户风险,必然会影响支付业务收入和创新业务收入,提高支付机构的管理成本和监管成本,而且还会影响地方政府发展当地互联网金融政策的效力。因此,支付机构的最优选择是,在粗放式拓展支付市场业务的同时,更为努力地进军互联网金融。但这些行为会直接引致现实中支付机构的系列违规操作,导致较高的洗钱风险漏洞,并对金融风险积累埋下隐患。因此,注重互联网支付机构的业务实质,开展功能监管、风险监管很有必要。

One important base of intemet financial is internet payments. When the regulatory authorities strengthen their efforts in regulation, the payment business income and the innovative busi- ness income of the payment institutions will be certainly affected, and their management cost and su- pervising cost will be increased, if they strictly obey the laws and regulations to manage the merchant risks. At the same time, the effects of the policies of local governments to develop local interact fi- nance will be influenced. Therefore, while expanding the payment market business in an extensive manner, the best option for the payment agencies is to make more efforts to enter the intemet financial market. However, in reality these behaviors may directly lead to the series of illegal operations of payment institutions, generate higher risks of money laundering vulnerabilities, and accumulate more financial risks. Thus, it is necessary to pay more attention to the business substance of the interact payment service agencies, to carry out functional regulation and risk supervision, and so on.