互联网金融监管与反垄断执法二元共治

Internet Financial Supervision and Anti-monopoly Law Enforcement Dual Governance

以金融监管为唯一手段的一元治理模式面临困境,致使互联网金融要么无法有效适用传统金融监管体制而陷入"治乱循环",要么被迫自行剥离原有的普惠属性,剩余较为成熟的部分业务融入传统金融,进而失去业态特性。互联网金融治理不宜追寻一劳永逸的监管模式,而应转向行业监管与垄断规制并重的治理路径。"二元共治"的基础在于,行业监管与竞争规制具有目标趋同性和手段互补性。"二元共治"模式的具体实施,重在明确互联网金融监管与反垄断执法间的权力配置、协调方式及治理边界。

The one-dimensional governance model with financial supervision as the only means is facing difficulties,which leads to the internet finance either failing to effectively apply the traditional financial supervision system and falling into the"chaos control cycle",or forced to peel off the original universality attribute by itself,and the remaining mature part of the business integrates into the traditional finance,thus losing the characteristics of business form.Internet financial governance should not pursue a once-and-for-all supervision model,but should turn to the industry supervision and monopoly regulation of both governance path.The basis of"dual governance"is that industry supervision and competition regulation have the same goal and complementary means.The concrete implementation of"dual governance"mode focuses on clarifying the power allocation,coordination mode and governance boundary between internet financial supervision and anti-monopoly law enforcement.