Study On The Impact Of Third-party Payment On Liquidity Risk Of Commercial Banks

Nowadays,the computer network technology and the third-party payment industry grow rapidly.The diversity and convenience of third-party payment make up for the lack of traditional payment methods,which also bring great impact on commercial banks.Deposit business,liability business,intermediary business and other aspects of commercial banks are affected,the problems of asset and liability mismatch are increasingly prominent,and the liquidity risk is constantly increasing.This paper systematically combed the related literature at home and abroad.Scholars focus that the third party payment made impacts of commercial bank profitability,business model as well as cooperative competition.These researches are less involved in between third-party payment and commercial banks liquidity risk.This paper attempts to discuss the quantitative relationship between third-party payment and liquidity risk of commercial banks.In the theoretical analysis part,this paper shows the third-party payment makes the effect on the stability of the commercial bank funding sources,at the same time discusses the aspects on commercial banks in the middle and assets business of customer churn,and expounds the third-party payment may cause the risk of its own.Using of bank of Nanjing's data,this paper calculates the bank of Nanjing's liquidity risk and third-party payment scale.This paper is constructing vector autoregressive VAR model.The model is trying to find the dynamic interrelationship between third-party payment and liquidity risk.The results show that the third-party payment scale has negative influence on the liquidity of commercial banks as a whole.With the increase of third-party payment scale,the LCR of commercial banks increases continuously,namely,the liquidity risk increases continuously.After a stable impact on the third-party payment scale,LCR reached a negative maximum in the fourth period,and then the influence continued to weaken.In the seventh to ninth period,there is a modest rebound.Nowadays,the online shopping and internet fund are developing quickly.This paper argues that the third-party payment reduces part of commercial bank deposits.In addition,the third-party payments also led to the loss of commercial bank customers and reduce the stability of the financial system,leading to the increase of liquidity risk.As the scale of third-party payment continues to expand,the requirements for the management of liquidity risk of commercial banks are also increasing.In conclusion,this paper makes relevant policy suggestions,which enrich the theory of liquidity risk management of commercial Banks and provide support for effective prevention of systemic financial risks.