금융위기 이후 주요국의 투자은행업무 규제동향과 우리나라에서의 시사점
A Study on Reforms of the International Investment Banking Systems and Its Implications in Korea
0
조회
0
다운로드
3
인용
0
참고문헌
키워드
초록
The financial crisis, which began in the United States, has exposed fundamental problems in the financial regulatory systems, especially in investment banking area since current regulatory systems have proven unable to prevent the crisis and been slow to design and implement adequate responses. South Korea's banking system has done relatively well in riding out the global financial and economic turbulence. But now it's time to ask a question: Has the nation done its best to keep local banks abreast with the world's topnotch banks?Such a question is so important that banking regulations relate to competition in international financial markets. In relation to this issues, some people believe that a few banks be into a super-sized bank with international competitiveness to be leaders in Asian banking market. Unfortunately, however, they should not forget that making a larger bank cannot be a one-size-fits-all solutions. Super-sized bank have the‘too big to fail’problem and it might be severe loss for S. Korea which is middle sized open economy. The purpose of this article is to evaluate the merit and demerit for financial regulatory policy between commercial banking and investment banking business in S. Korea. To review its implications in Korea, this article is organized into four chapters. Chapter Ⅰ provides overview of the fundamental issues which will be raised in next chapters. Chapter Ⅱ describes current investment banking business by Korean financial companies. Chapter Ⅲ review and examine the supervisory reforms in investment banking and universal banking regulatory systems especially in the United States and the U.K., and how they work. Chapter Ⅳ concludes and presents the direction for the prospective of Korea's relevant regulations on which Korean financial companies can grow in the international financial services sector.
Abstract
The financial crisis, which began in the United States, has exposed fundamental problems in the financial regulatory systems, especially in investment banking area since current regulatory systems have proven unable to prevent the crisis and been slow to design and implement adequate responses. South Korea's banking system has done relatively well in riding out the global financial and economic turbulence. But now it's time to ask a question: Has the nation done its best to keep local banks abreast with the world's topnotch banks?Such a question is so important that banking regulations relate to competition in international financial markets. In relation to this issues, some people believe that a few banks be into a super-sized bank with international competitiveness to be leaders in Asian banking market. Unfortunately, however, they should not forget that making a larger bank cannot be a one-size-fits-all solutions. Super-sized bank have the‘too big to fail’problem and it might be severe loss for S. Korea which is middle sized open economy. The purpose of this article is to evaluate the merit and demerit for financial regulatory policy between commercial banking and investment banking business in S. Korea. To review its implications in Korea, this article is organized into four chapters. Chapter Ⅰ provides overview of the fundamental issues which will be raised in next chapters. Chapter Ⅱ describes current investment banking business by Korean financial companies. Chapter Ⅲ review and examine the supervisory reforms in investment banking and universal banking regulatory systems especially in the United States and the U.K., and how they work. Chapter Ⅳ concludes and presents the direction for the prospective of Korea's relevant regulations on which Korean financial companies can grow in the international financial services sector.
참고문헌 (33)
- 고동원, "2010년 개정 은행법의 법적 검토", 은행법연구, 3(2) (2010), 은행법학회
- 은행의 CIB 겸업에 대한 국제논의 및 국내은행의 향후 진로, "금융감독원 조사연구실", ~ (2010)
- 금융선진화를 위한 비전 및 정책과제 (요약), "금융연구원", ~ (2010)
- 금융위원회, "금융투자회사의 외환파생상품 리스크관리 강화를 위한 금융투자업규정 개정", ~ (2010)
- 김용재, "독일 금융산업에서의 겸업주의의 최근 동향", 비교사법, 13(1), pp.619~646 (2006), 한국비교사법학회
- 김홍기, "미국 도드-프랭크법의 주요 내용 및 우리나라에서의 시사점", 금융법연구, 7(2), pp.45~90 (2010), 한국금융법학회
- 박현수, "금융위기 이후의 글로벌 금융규제", Issue Paper (2010), 삼성경제연구소
- 신보성, "투자은행과 관련한 향후 규제 방향", KCMI Capital Market PERSPECTIVE, 1(1) (2009), 자본시장연구원
- 정 대, "은행규제의 개편방향: 주요국 은행규제 개편의 비교법적 검토", 은행법연구, 3(2) (2010), 은행법학회
- 자본시장법 시행 이후 자본시장과 금융투자산업의 변화 및 보완 필요사항, "증권법학회", 증권법학회, ~ (2010)
- 최선호, "독일형 겸업은행의 경험과 한국형 투자은행의 패러다임", 유럽연구, 27(2), pp.229~252 (2009), 한국유럽학회
- The Basel Committee's response to the financial crisis: report to the G20, "Basel Committee on Banking Supervision", ~ (2010)
- Citi May Split Investment Bank From Commercial Bank, "Bloomberg", ~ (2009)
- Volcker Urges Dividing Investment, "Bloomberg", Commercial Banks, ~ (2009)
- Bloomberg Businessweek, "EU Finance Ministers to Resist Obama Plans for Banking Overhaul", ~ (2010)
- CFTECH, "Understanding How Glass-Steagall Act Impacts Investment Banking and the Role of Commercial Banks", ~ (1998)
- The Turner Review - A regulatory response to the global banking crisis, "FSA", ~ (2009)
- Gambacorta. L, "Monetary Policy and the Risk-Taking Channel", BIS Quarterly Review (2009)
- Mervyn K. Lewis, "Banking, Securities and Commerce: A European Perspective", CATO Journal, 10(2) (1990)
- New York Times, "Volcker: Split Commercial and Investment Banks", ~ (2009)
- Reuters, "White House recommits to “Volcker rule" bank trade ban", ~ (2010)
- Thakor, Anjan V., "Banking Scope and Financial Innovation", Review of Financial Studies, 10(4), pp.1099~ (1997)
- The Times, "Bank of England Governor Mervyn King weighs case for forcing banks to split their operations", ~ (2009)
- "Report of the Commission of Experts of the President of the United Nations General Assembly on Reforms of the International Monetary and Financial System", UN Conference on the World Financial and Economic Crisis and its Impact on Development (2009)
- "New Life for the "Volcker Rule"", Wall Street Journal (2010)
- Warwick Commission, "The Warwick Commission on International Financial Reform: In Praise of Unlevel Playing Fields", ~ (2009)