Research on the Impact of Financial Technology on Bank Systemic Risk

Abstract

Systematic risk prevention is an issue that the regulatory authorities attach great importance to. The report of the 19th National Congress of the Communist Party of China required to improve the financial supervision system and keep the bottom line of avoiding systematic financial risks. Under the current economic background, it is of great practical significance to study the impact of financial technology on the systematic risk of commercial banks, which is related to the stability of bank operations in the era of financial technology, and helps the regulatory authorities grasp the relationship between supporting the development of financial technology and strengthening financial supervision. Based on the concept of financial technology and its influencing factors, this paper analyzes the impact of financial technology on the management risk of commercial banks. Finally, this paper puts forward countermeasures and suggestions from the aspects of system supervision and digital transformation. The research of this paper is of great significance to the risk management of commercial banks and financial industry.