论坛活动

时 间

2026年4月1日（周三）上午10:00-11:30

地 点

中国人民大学中关村校区明德主楼801

主办单位

国家金融研究院、中国人民大学财政金融学院

主讲嘉宾简介

喻通，清华大学经济管理学院金融学助理教授，英国帝国理工学院金融学博士，曾任英国金融监管局高级研究员。研究领域主要包括金融中介、金融科技、数字金融与公司金融等。其研究成果曾多次受邀在美国联邦储备银行、欧洲银行管理局、爱尔兰中央银行、巴西中央银行等政策机构进行汇报。

沙龙内容摘要

Open banking enables small businesses to share their bank financial data with potential lenders. I examine the effect of open banking on collateralization in small business lending. For identification, I exploit institutional features of the UK' s open banking policy that creates a discontinuity in firms' eligibility to share data. Using a novel loan-level dataset covering the entire UK secured business loan market, I document that open banking eases the pledge of assets like accounts receivable and inventory. Firms eligible to share data are more likely to pledge such assets as collateral, thereby improving their access to credit. These effects are more pronounced for firms facing greater information asymmetry and those with greater information available to share. Overall, these findings highlight the role of open banking in reducing collateral constraints by mitigating information asymmetry.