国际金融市场金融控股公司法律问题研究-国际法学专业论文.docxVIP

AbstractBeing Abstract Being one kind of innovation in financial organizations，financial holding companies have become an important mold for fmancial institutions to mIl multioperation business in the international fmancial market．Financial holding companies originated from America,which belong to pure holding companies that manage multioperation business by manipulating their subsidiary companies that operate banking，security,insurance and other fmancial businesses．Due to their superiority in scale and extent of businesses，financial holding companies have demonstrated overwhelming competition in the international fmancial market． With respect to introduction and comparison of legal systems 011 financial holding companies in America，Japan，U．K，and other developed countries，the present paper lays great stress on the argument on firewall system of fmancial holding companies under a thorough discussion and analysis of capital adequacy acqmrements system， anti-trust system and strict liability system．In the meanwhile，by comparing the lead‘supervision system in America with the mega-supervision system in U．K．，the present paper intends to analyze the supervision regime to financial holding companies． According to the current circumstance in Chinese financial enterprises，a legislation proposal is finally put forward in order to develop financial holding companies i11 China on the premise of the framework of separating-operation business of nowadays legal system． Key words：Mulfioperafion Business，Financial Holding Companies， Pure Holding Companies，Firewall System Ⅱ 引 引 言 全球金融体系的迅猛发展与电脑网络信息科技的进步，不仅促使金融产品推 陈出新，同时也使得银行、证券、保险业间的业务界线及差异渐趋模糊。近十年 来，随着日本、英国纷纷走上金融混业经营的道路，美国终于在1999年颁布了《金 融现代化法案》，这标志着在美国存续了六十多年的金融分业经营体制的瓦解和在 有效监管条件下的金融混业经营体制的建立。与此同时，美国的《金融现代化法 案》也确立了一种新的金融机构混业经营的企业组织形式——金融控股公司。作 为一种金融机构的制度创新，金融控股公司通过对内部资源进行分类、整合、策 划和调配，节约了成本，实现了资源利用的优化配置。这种金融机构制度创新适 应了金融全球化的需要，在国际金融市场上显示出了强大的生命力。 就我国而言，在监管当局出于某些历史原因，默许某些金融机构从事混业经 营业务的同时，却并没有在法律上对金融控股公司的概念，性质，业务范围等等 明确的加以规定，也没有设立或者授权某一