台灣金融控股公司與金融監理一元化之研析

Abstract

本篇論文主要探討在金融自由化及金融集團興起的趨勢下，金融監理將如何調整與因應。為達成此目的，本研究先探討四個主要工業化國家---英國、加拿大、日本、美國最近幾年來的金融改革，以及它們實施一元化或多元化金融監理的情況。之後再分析台灣近年來的金融變革，包括金融控股公司的形成，金融監理委員會的成立，以及它們所帶來的問題。研究結論顯示，金融監理委員會成立之後，藉由資訊共享和合作機制，有助於評估金融控股公司的整體風險輪廓，進而有效監理之。此外，本研究發現不論是一元化或多元化監理，監理機關能維持獨立性和責任性、有明確的監理目標、採用功能性與以風險為基礎的監理方式，以及加強不同監理機關之資訊共享與合作機制，才是有效金融監理的成功之道。根據之前的討論和分析，本研究在最後提出幾點關於台灣金融監理的建議。

The thesis focuses mainly on the issues that how financial regulation and supervision adjust their function with the trend of financial liberalization and emergence of financial conglomerates. This study first investigates the financial reform and unified or diversified financial supervision of following 4 industrialized countries---U.K., Canada, Japan, and U.S. After discussing these issues we then analyze the financial reform in Taiwan in recent years, including the emergence of financial holding companies, the formation of Financial Supervisory Commission, and the issues they are involved in. The conclusion of this study shows that after the starting up of the FSC, it’s easier for supervisors to assess the risks of a financial holding company on a consolidated basis by means of information sharing and cooperation mechanism. It’s also found that adopting the unified or diversified supervision of financial services is not as much important. Rather, maintaining the independence of supervisory authorities, clarifying the regulatory policies and supervisory measures, adopting risk-based and functional supervisory approaches, and strengthening the sharing information and cooperation mechanism with different supervisors are the key points of successful financial supervision. In the end of the thesis, we make some suggestions concerning the financial supervision in Taiwan.