The Impact Of Financial Technology On The Systemic Risk Of Commercial Banks

In the context of financial technology,banks have ushered in a new development pattern.By combining financial technology with traditional finance,the financial industry has innovated financial service mode,improved financial service efficiency and improved financial service quality,However,while obtaining such development opportunities,commercial banks are also facing great challenges and more risks brought by financial technology.Through the combination of theory and empirical analysis,it aims to explore the influence on the systemic risk of commercial banks.Firstly,this thesis summarizes the relevant literature on financial technology,systemic risk of commercial banks and their relationship,and analyzes the impact mechanism of financial technology on systemic risk of banks and the application of financial technology by commercial banks;Secondly,based on the annual reports and financial statements data of 29 listed commercial banks from 2011 to 2020,this thesis uses Co VaR to count the systematic risk through quantile regression method as the explanatory variable,uses Python crawler technology to mine the frequency of financial technology related words of commercial banks,and uses principal component factor analysis to synthesize financial technology index as the core explanatory variable,The main regression model adopts the fixed effect model to explore the impact of financial technology on the systemic risk of commercial banks through the two-way effect of fixed individuals and fixed time.The empirical results show that financial technology has a positive relationship with the systemic risk of commercial banks,that is,financial technology improves the systemic risk of commercial banks;Finally,this thesis give suggestions on how to apply financial technology and related supervision in commercial banks.