Research On Risk Management Of Yiren Loan Platform

In recent years,domestic P2 P network loan industry is in a high-speed development stage.However,accompanying with this progressive tendency,some risks gradually spring up and constantly accumulate.According to this situation,the government has introduced relevant polices in order to strengthen the supervision of P2 P network loan platforms and fill the regulatory blank.After initial development period and rapid expansion period,lately,P2 P network loan industry enters into the industry regulation period which shows that the operation of platforms becomes regular,and irregular platforms actively withdrawal or be eliminated due to heavy competition.Thus,in terms of this situation,it is valuable for P2 P network loan platform companies to improve risk management and use high-quality platforms’ experience as references to successfully compete with other competitors.This paper takes domestic first listed P2 P network loan platform---Yiren loan platform as an example,uses literature survey method and case study method,applies solid theoretical foundation and rich background literatures,deeply analyses Yiren loan platform’s operation mode and existed risk management method to accomplish combining with theory and practice,as well as corresponding problems and measures.The innovation of this paper is that the research object is the new-style Internet financial industry,which is a novel subject and has a strong practical significance.This paper shows that at present Yiren loan platform is the second in the industry and operates very well.After long-term running,this platform has realized some risks in the network loan industry.As a result,the Yiren loan platform implements decentralized investment strategy,improves big data risk control system,seriously audits customer credit rating,strictly executes risk reserve system and fund trusteeship measures.In light of analysis,there are still some problems in Yiren loan platform management process.For example,the actions of “the separation of the whole” and“maturity mismatch” lead to liquidity risk,incomplete lender credit rating system contributes to capital risk of the lenders,and potential risks pose a threat to platform internal control.This paper deeply analyses these existed problems and puts forward corresponding proposals including enhancing industry internal control management and improving industry external supervision system.Therefore,other P2 P network loan platforms can reference this experience,combine actual situation,well operate and establish a healthy industry environment together.