미국의 금융개혁과 볼커 룰의 적용에 관한 연구
A study on the financial reform in the U.S. and the application of the “Volcker Rule”
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Despite numerous reasons and causes have been referred to as having brought the financial crisis of 2008, the proprietary trading of both bank and non-bank institutions in the U. S. stands out among them. The US Congress, based upon such an observation has enacted the "Wall Street Reform and Consumer Protection Act" as part of its attempt to prevent the advent the next crisis The Volcker Rule, designed to place restraint upon the proprietary trading activities of both bank and non-bank institutions, has become part of the Wall Street Reform Act. The rule is aiming at preventing the so-called TBTF institutions from being involved in highly risky trading activities, and from expanding its size and business activities beyond its control capacity to the effect of posing danger to the stability of the US financial system. If successfully implemented, the Volcker Rule and the Wall Street Reform Act will surely serve as an effective tool for stabilizing the financial industry in the U.S. From the perspective of the Korean financial industry, it is imperative that we should develop policy initiatives with the view to achieving both international competitiveness of the financial industry itself, and coping with the possibly strong request for the implementation of the rule in both the international and Korean contexts as well.
Abstract
Despite numerous reasons and causes have been referred to as having brought the financial crisis of 2008, the proprietary trading of both bank and non-bank institutions in the U. S. stands out among them. The US Congress, based upon such an observation has enacted the "Wall Street Reform and Consumer Protection Act" as part of its attempt to prevent the advent the next crisis The Volcker Rule, designed to place restraint upon the proprietary trading activities of both bank and non-bank institutions, has become part of the Wall Street Reform Act. The rule is aiming at preventing the so-called TBTF institutions from being involved in highly risky trading activities, and from expanding its size and business activities beyond its control capacity to the effect of posing danger to the stability of the US financial system. If successfully implemented, the Volcker Rule and the Wall Street Reform Act will surely serve as an effective tool for stabilizing the financial industry in the U.S. From the perspective of the Korean financial industry, it is imperative that we should develop policy initiatives with the view to achieving both international competitiveness of the financial industry itself, and coping with the possibly strong request for the implementation of the rule in both the international and Korean contexts as well.
참고문헌 (18)
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