银行存管、投资者决策与P2P网络借贷规范发展

Bank Custody, Investors’ Decision and Healthy Development of P2P Online Lending

为了避免网贷平台触碰资金,降低网贷行业道德风险,监管部门要求网贷平台必须与银行签订存管协议,平台只能作为信息中介撮合投资者和借款人。基于网贷平台银行资金存管信息和网贷平台微观运营数据的实证研究结果显示,作为保障平台资金安全的重要措施,银行存管确实能为网贷平台提供增信作用,投资者更愿意投资实现了资金存管的平台。平台与银行签订存管协议能够向投资者提供一种积极信号,让网贷平台更加可信。但是,只有当平台的全部借贷业务都上线了资金存管,平台的运营才真正接近于纯粹的信息中介。

To avoid the online platform touches the capital so as to reduce the moral risk of online loan,the suoervision department requires the online platform to sign custody agreement with the bank,with the platform only as the media betwwen the investors and the borrowers.The empirical results show that the credit enhancement effect of bank custody of platform funds has great heterogeneity,and only when bank custody covers all products of online lending can the platform work as a pure information intermediary.