Also, regulatory and supervisory authorities obtain much information through the balance sheets of financial institutions, and many regulatory frameworks such as capital requirement, leverage ratio and liquidity standards impose constraints on these balance sheets in order to achieve and maintain financial stability. In the case of nonbank P2P lending firms, it is difficult to obtain sufficient information regarding financial intermediation from their balance sheets.
Moreover, imposing constraints on these balance sheets may not be very effective for influencing their P2P lending activities. Accordingly, financial authorities need to consider how they can obtain the necessary information for maintaining financial stability. Ironically, innovation in information technology has simultaneously brought about various new tactics for cyber threats.