How does the financial technology innovation regulatory pilot influence financial regulation?

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2024-10-11 DOI:10.1016/j.frl.2024.106255

引用次数: 0

Abstract

Integration of technology and finance presents significant challenges for financial regulators, necessitating formulation of policies for mitigating financial security risks and related concerns. This study examines the impact of the Pilot Project of Regulation on Fintech Innovation (PPRFI) on financial regulation in China from 2013 to 2022. Findings demonstrate that PPRFI significantly strengthens financial regulation, with financial technology mediating the relationship between PPRFI and regulatory effectiveness. Heterogeneity analysis reveals that the policy's positive effects are more pronounced in provinces with lower levels of human capital and in the western regions of China.

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金融科技创新监管试点如何影响金融监管？

科技与金融的融合给金融监管机构带来了巨大挑战，需要制定政策来降低金融安全风险和相关问题。本研究探讨了 2013 至 2022 年中国金融科技创新监管试点项目（PPRFI）对金融监管的影响。研究结果表明，PPRFI 显著加强了金融监管，金融科技是 PPRFI 与监管有效性之间关系的中介。异质性分析表明，该政策在人力资本水平较低的省份和中国西部地区的积极影响更为明显。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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