Financial Difficulties Of Banks In The Internet

Internet + is in full swing in the country. Every industry is looking for opportunities to integrate with the mobile Internet. The traditional financial industry banks will inevitably join in this activity. From the central departments concerned, various opinions and methods can be continuously issued to show the state's support for the financial industry. We can deeply feel the regulatory tradition.

Love can also be seen as regulators' ambivalence against Internet finance.

On the one hand, the Shanghai summit encourages financial innovation and hopes to stimulate the economy and open the market by promoting the development of new financial and new tools. On the other hand, it can not get rid of the constraints of the traditional regulatory system, so that official finance and private finance can compete and compete fairly.

It is a painstaking effort to supervise banks to pull banks into mutual funds, but it is still difficult to get along with the market and get along well with each other.

Although the "big and complete" guidance does not involve too many industry pain points, the establishment of the "third party depository system of customer funds" does bring a great shock to the industry.

"An institution shall choose a qualified banking financial institution as a fund depository institution" before that.

The clients' funds are managed by third party payment institutions.

The difference between "depository" and "trusteeship" is a matter of supervision, but it is intended to reduce the legal risk of banks' participation in the Internet financial capital business.

Compared with trusteeship, banks are only depository institutions for clients' funds and do not bear the obligation to supervise the flow of funds.

However, in addition to the provisions of the law, the effect of custody and custody as a service is more dependent on the terms of the contract and depends on the negotiation between banks and customers to reach a consensual agreement.

The bank deposit management system is clearly reflected in the market, that is, all platforms have begun to look for depository banks, and banks have become the best food in the field of mutual funds.

For most platforms, banking management is not easy.

According to our customer feedback, banks have very high demand for P2P platform's capital custody, and have strict restrictions on registered capital, shareholder composition and establishment time.

For example, some banks require "registered capital of not less than 50 million (paid)", "platform actual control."

"For the government, large state-owned enterprises, main board or small and medium board listed companies, large financial institutions, well-known Internet companies, or the platform has been invested by well-known equity investment institutions", "no major risk events have occurred in the past three years", "the risk disposal fund is stored at a minimum of 20 million of the registered capital of 40%," and "platforms can not provide investors with guarantees" and other conditions.

Although regulation provides for bank custody, banks can add a lot of credit to the platform, but banks have strict standards for the platform of cooperation.

We can understand that banks have been cautious when they first took over the Internet financial capital business, but with such a high threshold, the cock wire platform can only become a "layman".

At first, banks took over the fund depository business. They were unfamiliar with the trivial and complicated information flow and capital flow matching, and had an adaptation process to the customer T+X. There may be a series of problems in the operation of the platform, such as borrowing, overdue, bad debts and so on. The account operation is not simple.

In this regard, banks need to develop an independent system to provide efficient and convenient service system to meet the special paction mode of the P2P platform, and at the same time establish reasonable charging standards, so that the cost can not become the burden that the platform can not bear.

Not only that, regulators should also draw up more detailed standards and rules to regulate cooperation between banks and P2P platforms.

Although legally speaking, the quality of platform operation has nothing to do with assets depository banks, banks are only responsible for the risk of technology operation in the custody chain. But experience tells us that when the platform runs, investors will siege Baidu [micro-blog] and encirclement the government. At this time, it is also difficult for banks to provide funds for depository banks to be independent.

Therefore, even if we use the word "depository", the public involvement will not easily spoil the banks. This is also the way banks dare not let go.

Deep reasons for capital business.

Supervision helps banks to keep their money in a high profile, but this is just the beginning. It is still a long way to go to realize the P2P client capital bank management.