證券商離境證券業務(OSU)與銀行業國際金融業務(OBU)之探討

Abstract

由於證券商經營艱困，且國內資金外流嚴重，在政府及業者配合下，合力推動「離境證券業務」。離境證券業務(Offshore Securities Unit，簡稱OSU)是政府目前推動的主要金融政策之一。OSU可搭配「兩岸特色金融」、「國人理財平台」、「自由經濟示範區」…等計劃，進行一連串金融措施鬆綁及商品開放，以利證券商推展外幣證券業務。 我國OSU是架構在「國際金融業務條例」的法律架構上，以銀行業國際金融業務分行(Offshore Banking Unit，簡稱OBU)為基礎，擴大參與者納入證券商。目的是希望OBU原本涉及證券領域而未有發揮的業務，交由具備證券專長的證券商承做。 因此，若能將OBU之業務範圍中屬於證券商擅長之業務項目開放予證券商經營，讓證券商仿照銀行OBU之模式，成立OSU單位在臺灣地區從事離境證券業務，相信對於境外金融業務之發展應有助益，且得以加速提昇我國區域金融中心之地位。 本研究除陳述OSU與OBU之業務上有所差異之外，並提供SWOT優劣分析期以提供主管機關、學術界及實務界未來推動相關業務之參考。

In view of operation difficulty and serious domestic capital outflows, securities firms have worked together with the regulators to promote the 'Offshore Securities Unit.'(OSU). OSU is one of the main financial policies currently promoted by the government. OSU may be carried out together with ' Cross-Strait Specialty Finance', 'Personal Financial Platform', 'Free Economic Pilot Zone' and other plans as financial deregulation and trade opening measures to facilitate the promotion of foreign currency securities business by securities firms. OSU is based on the legal framework of the ' Offshore Banking Act.' Participants are expanded to include securities firms on the basis of the Offshore Banking Unit (OBU). The purpose is to have certain securities business in which the OBU is involved undertaken by securities firms with expertise in securities. In this research, we discuss the differences between OSU and OBU business, and provide SWOT analysis of the pros and cons in order to assist regulatory authority, academics and practitioners to promote OSU related business in the future.