금융산업의 환경 변화와 법적 대응 -영국의 개혁법을 중심으로-

Abstract

In financial markets around the world, there have been significant changes.

Over the last 30 years there have been growing trends towards globalizing

financial markets and increasing blurring of sectoral boundaries dividing banks,

securities markets and insurance companies. These trends make national policy

makers consider initiatives to reform financial regulatory and supervisory

structures. Major Asian financial markets also try to ensure their markets are

efficient and competitive. Korea also needs to examine current financial market

and its national regulatory arrangements in order to secure long-term

competitiveness with other Asian financial markets and to cope with changing

financial markets in the future.

This article tries to analyse the UK financial regulatory and supervisory

arrangements. The UK is the first major international financial center to adopt

the single regulator model and to enact the single integrated financial act, the

Financial Services and Markets Act 2000(FSMA 2000). Chapter Ⅱ discusses

the UK's policy to reform the financial regulatory and supervisory structure.

Chapter Ⅲ analyses the UK's past financial regulatory and supervisory

arrangements. After focusing on the UK's single regulator, the Financial

Services Authority, in Chapter Ⅳ, Chapter Ⅴ analyses the FSMA 2000.

Chapter Ⅵ draws some conclusions on the issues of adopting the UK system

in Korea.