The Research Of The Government Regulatory Functions To Internet Finance Risk

Internet Finance(ITFIN)at present has become an important supplement of the traditional financial sector.It makes a great contribution on supporting real economy development,supporting the SMEs financing,make the residents' wealth management means varied.However,with the rapid development of ITFIN,the local financial risk is receiving increasing attention.As is well-known,financial risks are contagious.If the outbreaks of the local financial risk haven't been addressed,it will be easy to form a global systemic risk.So we need to strengthen the theoretical research,which can provide scientific theoretical guidance to improve the government functions in the market regulatory functions under the financial regulatory functions.In the efficient market hypothesis,the rational-economic man supposition will encourage personal self-interest to automatically realize the market equilibrium under the"invisible hand";all the market information can be balanced by market prices fully and can be accurately reflect.On this occasion,the supervision of ITFIN should be laisser-faire.However,before reaching the ideal scenarios,the market will still be many effective factors,which makes the letting of ITFIN regulation impossible.Therefore,we must fully realize that,as kind of financial innovation,ITFIN innovate exists paralleling risk.When emphasized the financial innovation,we must strengthen the risk prevention and control ability and the supervision of ITFIN at the same timeWith the accelerating pace of financial innovation,new financial products emerge one after another,the form of financial activities are increasingly complex and diverse.At the same time,the performance of the financial risk is also more diversified,concealed,and complicated.In recent years,the exposed of numbers of Internet financial risk events lead to regulatory vacuum,regulatory constraint problems,those problem force the traditional regulatory system and macro prudent management puts forward new requirements.To strengthen the supervision of ITFIN,we need to deepen the reform of financial supervision system,need to break through some barriers in system and mechanism,effectively guard against and dissolve the risk of accumulation and contradictions,to deepen financial reform,financial system is gradually perfect,give full play to financial productivity.Financial regulation should further strengthen Internet actively yet prudently promote financial reform,financial regulatory system of laws and regulations,reasonable financial regulatory responsibilities,cage tied tightly system,optimizing the resources distribution of financial supervision,grasp the relationship between the financial innovation and risk prevention and realizing a complete coverage of financial risk supervision,to guard against and dissolve the systemic financial risk.Only if we combine financial regulation "top-level design" and financial markets "independent innovation",we can constantly overcome the problems and difficulties meet in the process of ITFIN development,and correctly handle the relationship between the deepening reform and risk prevention.Through the reform to play a decisive role in market allocation resources better,significantly improve the efficiency of the financial system,promote the mature and perfect financial market of our country.In addition to the introduction and conclusion,the text includes five parts:The first part analyzes the relevant concepts and basic theories.First of all,the Internet financial,Internet financial model,the Internet financial supervision,the Internet financial regulatory risk,the government functions to do the concept of definition and analysis.Then,based on the understanding of Internet finance,this paper analyzes the theoretical basis of Internet financial risk regulation,namely,government function theory,market failure theory and Coase theorem theory.The second part discusses the government's response to the financial risk of the Internet.First of all,the types of Internet financial risk cases are summarized.Secondly,the necessity of government regulation of Internet finance is analyzed.And finally put forward the basic requirements of the government to regulate the financial risks of the Internet.The third part analyzes the current situation of China's Internet financial risk supervision.First introduced China's Internet financial model and its corresponding regulatory agencies.Secondly,it discusses the progress of China's Internet financial supervision reform.And then the problems of China's Internet financial risk regulation,with the balance of treasure,e rental risk exposure of the loopholes in the case described as a case.Finally,the author puts forward the question of the government's supervision of Internet financial risk.The fourth part discusses the government's international reference to the Internet financial risk supervision.Through the analysis of the Internet financial supervision of the United States,Britain,Japan and Australia,the relevant inspiration is obtained.That is,regulatory first,both behavior and prudential supervision;fair supervision,safeguarding the interests of both borrowers;moderate supervision,intensification and diversification coexist.In the fifth part,the author puts forward some suggestions on how to improve the government's financial supervision function.To improve the construction of the system of social credit information;to build data systems,to strengthen information disclosure;the establishment of consumer rights protection system to establish the Internet financial supervision system.