A Study On Transmission Mechanism Of Credit Risk In P2P Network And Its Supervision Strategy

Many negative cases of P2P lending have brought huge losses to investors and impacted the country's financial system.Since 2016,regulators have launched numerous network borrowing regulatory rules,located in institutions,for the record management,fund depository,information disclosure and so on has carried on the strict specification,formed the"1+3"(that is,a way to three guidance documents)of the institutional framework.P2P"compliance road" was started,and the industry began to gradually change from disorder to compliance,from quantity increase to quality increase.Nevertheless,the innovation of P2P lending business is endless,so it can be said that the supervision of P2P lending business is "always on the road".How to regulate P2P lending risk accurately is still an urgent problem for the sustainable development of P2P lending.How P2P lending risks come from,how risks are transmitted,and how regulators should guard against them are the main issues studied in this paper.This paper analyzes the mechanism of risk transmission of P2P network lending in detail,including risk source analysis,risk transmission carrier,risk transmission object and transmission path.At the same time,this paper also constructed the P2P lending financiers and net credit game model,P2P regulators and P2P platform game model and game model between P2P regulators,analysis the P2P lending risk prevention measures and regulatory strategy.Among them,the P2P lending risk prevention and control countermeasures including guide platform resolving the P2P lending risk source,perfecting the information sharing,improve the platform of the risk threshold,strengthen cooperation with reliable third-party guarantee agencies,to cut off the risk transmission path;P2P network borrowing regulation strategy including the actively promote the national legislation,to provide legal guarantee for P2P lending supervision,improve the P2P lenders violation cost,promote P2P industry ecological environment construction,improve the compliance operating earnings,the reasonable cost control regulation,establish supervisory information sharing mechanism,perfect the industry self-discipline system,dynamic monitoring market actively,avoid regulatory vacuum,clarify the supervision division of labor,regulatory cooperation basis,etc.