Research On Peer-to-peer Online Lending Risk Management

As Domestic peer-to-peer online lending is developing rapidly, the risk of the P2 P lending platforms is accumulating. Government is strengthening the supervision of the platforms. As a result,it`s deem to be survival of the fittest in the P2 P online lending industry.How to control the risk of high-credit platforms? This paper aims to resolve this problem.Under the domesitic and foreign study of the literatures related to peer-to-peer online lending,this paper uses case and comparative analysis to study the specific risks of domesitic P2 P online lending platforms and the way to improve the risk management system, based on Asymmetric Information Theory, Long-tail Theory, Portfolio Theory, Traditional Risk Management Theory, Comprehensive Risk Management Theory. Besides, using Analytic Hierarchy Process and Fuzzy Comprehensive Evaluation,this paper take Yirendai Ltd. as an example to identify the influent factors of its credit risk, operational risk, compliance risk and liquidity risk as well as to estimate the risks of Yirendai,through which the paper find that there exits quite a lot problems in both internal risk control and external risk management systems. This case reflected the situation of domestic peer-to-peer online lending. Based on the analysis of the experience of regulation related to peer-to-peer online lending in the developed countries, this paper put forward the measures to improve the domestic risk management system of peer-to-peer online lending.