英国金融科技“监管沙盒”制度借鉴与我国现实选择

The Experience and Enlightenment of Regulatory Sandbox for Fintech in Britain

近年来,在鼓励金融科技创新与有效防控金融风险之间寻求平衡,成为金融监管部门面临的重要问题。2015年英国创造性地提出金融科技"监管沙盒"机制,其目的是强化英国作为欧洲金融科技中心的地位,并提升英国在全球金融科技领域的话语权。英国"监管沙盒"形成了由流程设计、测试工具、准入标准、评估机制、风控措施等组成的一套完整的运作模式和制度体系。在"监管沙盒"机制中,英国监管机构起到设定政策目标、出台配套政策、发挥监管职能等重要作用。基于对英国"监管沙盒"制度设计的研究,结合中国现实情况,中国如推行"监管沙盒"机制,需在目标定位、制度设计、监管框架、准入条件、监管弹性等方面强化监管引导功能。

Finding a balance between encouraging Fintech innovation and effectively controlling financial risks has become an important issue for financial regulatory authorities.Britain creatively proposed regulatory sandbox for Fintech regulation in 2015.The aim of regulatory sandbox is to strengthen Britain’s position as a financial and technological center in Europe and to enhance its voice in the field of global financial and technological.The UK"Regulatory Sandbox"has formed a complete operational model and institutional system consisting of process design,testing tools,access criteria,evaluation mechanisms,and risk control measures.Sandbox mechanism plays an important role in setting policy objectives,formulating supporting policies,and playing regulatory functions.Based on the summary of the practice of regulatory sandbox in Britain combining with the realities of China,if China implements regulatory sandbox,it should strengthen the function of supervision in such aspects as target orientation,system design,broadening supervision horizon,designing access conditions and paying attention to supervision flexibility.