Digital Transformation,Financial Regulation and Banking Systemic Risks
This paper explores the impact of digital transformation on bank sys-temic risk and the role played by financial regulatory policies in it.The results show that banks that actively promote digital transformation present a lower level of sys-temic risk;external financial regulation plays an important role in promoting digital transformation to reduce systemic risk of banks.The heterogeneity study finds that there are differences in the effectiveness of different types of commercial banks in re-ducing systemic risk in the process of digital transformation:large state-owned banks as well as banks with high ESG scores have more limited systemic risk reduc-tion due to their own stronger risk management capabilities;banks in a highly com-petitive market environment or with a high proportion of interbank assets significantly reduce their systemic risk through digital transformation by reducing their systemic risk.The study also shows that banks effectively reduce systemic risk by reducing loan concentration through digital transformation.These findings provide empirical support and policy implications for the digital transformation of banking and related financial regulation.
digital transformationcommercial banksfinancial regulationsystemic risk
万方数据
维普
