Financial Regulation,fintech And Risk Taking Of Commercial Banks

The government work report has stressed many times that we should firmly hold the bottom line of no systemic risk.As the core Department of the economy,banks need to make full use of their superiority and make their efforts to build a effective supervision system to prevent and control the occurrence of systemic risks.The continuous strengthening of financial supervision has become a global trend.For the sake of regulating the asset management industry,the new regulations were officially promulgated in April 2018,setting unified standard rules for the problems of leverage imbalance and multi-layer nesting in asset management business.With the end of three years to make banks to adjust themselves,the new asset management regulations were officially implemented in January 2022.The implementation of the new regulations is bound to affect the asset liability structure of commercial banks and the willingness of banks to bear risks.The promulgation of the law has a great impact on commercial banks,which not only has a positive side,but also brings challenges that can not be ignored.From the aspects of literature review,theoretical analysis and empirical analysis,this paper discusses the impact of the promulgation of the new asset management regulations on the risk-taking of commercial banks,as well as the role of the application of bank financial technology.It enriches the research on regulatory policy and bank risk,and has certain theoretical and practical significance.This paper reviews the research of strict financial supervision and bank risk-taking at home and abroad,as well as financial technology and bank risk-taking.In view of the above problems,we firstly expounds the relevant concepts and theoretical basis,and then introduces the new law about asset management,the development of Fintech and its usage in the banking industry;Finally,taking 138 commercial banks in China from 2009 to 2020 as samples,using empirical methods such as statistical description,unit root test,dynamic panel model,synthetic control method,text mining method and one-step System GMM,this paper studies that if the implementation of new asset management regulations influences the risk of commercial banks.Lastly we put forward some suggestions according to the empirical results.The empirical results show that the new regulation reduces the risk-taking level of commercial banks,and banks have significant heterogeneity.The impact of the implementation of the new asset management regulations on the risk-taking level of various banks is different,that is,compared with large commercial banks,other kinds of banks are greatly affected by the new asset management regulations.The application of bank financial technology has significantly strengthened the slow-release effect of policy implementation on bank risk-taking.In the meantime,the bank leverage ratio has some intermediary effects.Under the different levels of bank leverage ratio,the implementation of the new asset management regulations has influenced banks differently in terms of risk faced by banks.In the light of the research conclusions of this paper,the following suggestions are advanced: first,promote the rectification of asset management stock business and improve the continuation ability of new products progressively;Second,strengthen the empowerment of science and technology and improve the ability of bank risk management;Third,integrate financial technology into unified supervision and improve the bank risk management system.