한국 금융지주회사의 법제현황

The Financial Holding Company Act was amended on July 30, 2009 in Korea in order to deregulate the standards concerning the non-banking financial holding company, and for the purpose of facilitating mergers and acquisitions and similar affiliations among banks, securities firms, and insurance companies to permit business combinations among these types of entities. At the end of last year, The Wall Street Reform and Consumer Protection Act was passed in the House of Representatives, and is worked in the Senate to be passed in U.S. Over the past two years, the U.S. economy has been in the deepest recession the U.S. has known in generations. This economic crisis began as a financial crisis, when banks and financial institutions took huge, reckless risks in pursuit of quick profits and massive bonuses. During the crisis, several of the world's oldest and largest financial institutions had collapsed. The American administration is seeking reforms to secure that the failure of any large firm does not take the entire economy down with it. The limits on the risks major financial firms can take are central to the reforms as well as the legislation that has passed the House. A lot of countries, including Japan and EU, are also trying to regulate globalized financial institutions as well. We should try to watch carefully the movements of the major countries in relation to the regulation of financial institutions. If the financial standards of the major countries, especially that of U.S., are amended to be stricter and more conservative, I think we should also stand the pace of the financial regulation to protect financial consumer in Korea.