金融科技、利率市场化与商业银行风险承担

Fintech,Interest Rate Liberalization and Commercial Banks' Risk-taking

本文通过理论模型分析Fintech及利率市场化如何影响商业银行风险,并在实证中采用不同的模型回归方法以及衡量银行风险的替代变量对结果的一致性和稳健性进行检验,结果表明,Fintech的发展会加速利率市场化进程,加剧银行价格竞争,减少银行利润从而增加其风险承担水平。因此,建议商业银行发展平台金融模式和构建完整数据生态以及相关监管机构加强金融监管治理。

This paper address the impact of Fintech and interest rate liberalization on banks’risktaking behavior through theoretical model and make an empirical study using Fintech index based on text mining and interest rate liberalization index through data of 82 commercial banks during the period 2003-2016.We find that the development of Fintech exacerbates banks’risk-taking by accelerating interest rate liberalization,intensifying price competition and reducing earnings of commercial banks.Therefore,commercial banks should develop finance platform and data ecosystem and regulators should strengthen financial regulation.