互联网金融监管理论争议的方法论考察

Methodological Review on the Theoretical Arguments of Internet Finance Regulation

互联网的普及和发展为互联网金融创新提供了技术支持,也对传统的金融监管体制和规则提出了挑战。金融监管中的不确定性本身构成了特定类型的法律风险。尽管学术界从不同的角度论证了互联网金融的独特性,并提出了相应的政策建议,但政府仍倾向于将互联网金融拆分为"互联网"和"金融"两个部分,并利用传统监管手段对金融部分实施监管。这一理论与实践之间的偏差或错配在一定程度上反映出理论的无力,以及理论论证可能存在的问题。基于方法论的考察可以发现,通过价值预设和抽象公理演绎出来的政策建议往往忽略了现有法律框架的约束。在动辄"重构"金融法的口号下,缺乏一种以现有法律概念对接和重述监管政策建议的意识。

The spread and development of internet technically supports the internet finance innovation, meanwhile challenges the traditional financial regulatory regime and rules. The uncertainty of financial regulations constitutes a special kind of legal risk by itself. Though academies have justified the independent character of internet finance from various perspectives, the government still prefers to split internet finance into ＂internet＂ and ＂finance＂, and regulates the ＂finance＂ part with traditional regulatory measures. The divergence or mismatch between theory and practice reflects the incapability of in some way, and also implies that something is wrong with the theoretical arguments. Based on a methodological review, we can find that policy proposals deduced by presumptive values and axioms often overlook the limitation of current legal framework. Under the recurrent slogan of ＂reconstructing＂ financial law, there is a dearth of conscience to connect and restate the regulatory policy proposals with current legal concepts.