CAJ | 학술논문

伴随着我国P2P网络借贷行业的增长，由监管真空所导致的风险事件已引起了监管层的高度关注。我国P2P网络借贷存在的问题主要源于民间借贷的法律缺失，长期实施的机构监管模式以及金融约束政策，相对弱势的行为监管以及行业组织。在美国，原有制度较好地适应了对P2P网络借贷的监管，关注点较多体现在对于审慎监管与行为监管，以及对于市场效率与消费者保护之间的权衡，其将P2P网络借贷纳入证券监管框架的制度设计目前依然存在一定的争议；在英国，从“三方监管”向“双峰监管”架构的转变是当前P2P网络借贷监管体系形成的制度背景，因此其较为重视行为监管与消费者保护，行业自律在监管中发挥了极其重要作用，当前英国的P2P网络借贷监管体现出明显的从严趋势。
반수착아국P2P망락차대행업적증장，유감관진공소도치적풍험사건이인기료감관층적고도관주。아국P2P망락차대존재적문제주요원우민간차대적법률결실，장기실시적궤구감관모식이급금융약속정책，상대약세적행위감관이급행업조직。재미국，원유제도교호지괄응료대P2P망락차대적감관，관주점교다체현재대우심신감관여행위감관，이급대우시장효솔여소비자보호지간적권형，기장P2P망락차대납입증권감관광가적제도설계목전의연존재일정적쟁의；재영국，종“삼방감관”향“쌍봉감관”가구적전변시당전P2P망락차대감관체계형성적제도배경，인차기교위중시행위감관여소비자보호，행업자률재감관중발휘료겁기중요작용，당전영국적P2P망락차대감관체현출명현적종엄추세。
Along with the growth of China's Peer-to-Peer lending, risk event caused by the vacuum of supervision risk event has caused great concern to regulators. The problems of China's P2P lending mainly come from private lending legal deficien-cies, the long-term implementation of institutional supervision mode and the financial restraint policy and relatively weak be-havior supervision and industry groups. In the United States, the original system is better suited for P2P lending supervision, focus mainly on the prudential regulation and behavior regulation, as well as for the trade-off between market efficiency and consumer protection, the P2P credit into the system design of securities regulatory framework is still controversial; in the UK, from " Triplet peaks" to "Twin peaks" architecture is the system background of the current P2P lending supervision system. So the more attention to the behavior regulation and consumer protection, industry self-regulation has played a very important role in the regulation of current P2P network lending regulation in Britain and showed obvious strictly trend.