EU의 복합금융그룹 감독에 대한 제도적 고찰 -보험업을 중심으로-

Today, the world financial market is interested in strengthening competitiveness with regard to the three important issues: conglomeration, universalization, globalization. One of the methods for them is to extend the market area through the holding company and appears as a form of the financial conglomerate. The financial conglomerate means to provide products and services from different areas of the financial market within a conglomerate. The main business of this group is financial and its member companies should operate their business through more than two business areas of different kinds among bank, Investment and insurance. The types of financial conglomerates are generally classified into parent and subsidiary company, horizontal integration and holding company. In Europe, the regulation as a level of supervision is estimated very strict, though the regulation of entry into the integrated financial business market is modest. The financial conglomerates have developed focused on insurance and assume a form of the multi-level holding company which operates every kind of financial business such as bank, insurance and capital management within the company having a number of subsidiary companies of multi-level under many holding companies. In case of the risk arising within the financial conglomerate, it is so infectious to other kinds of financial business within the same group as to be diffused throughout the market. Thus, in order to prevent this risk, it is very important to strengthen the supervision of subsidiary companies within the financial conglomerates and capital adequacy. The core of the supervision of financial conglomerates lies in controlling risk preventively and securing capital adequacy.