英國金融服務法下規範體系之研究
Other Title
The Regulatory Framewor k of the English Financial Ser vices Act 1986
Date Issued
1999
Date
1999
Author(s)
DOI
882414H002029
Abstract
It has been more than one decade since the
promulgation of the Financial Services Act
1986. Due to the specific evolution of the
English regulation concerning banking and
financial services, the deposit-taking business
was traditionally controlled by the Bank of
England ；while on the other hand any business
falling within the definition of investment was
regulated by the Financial Services Act 1986
and accordingly controlled by the SIB (the
Securities and Investments Board).
As it has been clearly pointed out: “the
blurring of institutional boundaries in the
financial services sector is set to continue, with
banks converting debts into securities, securities
houses moving to closer involvement in credit
investment…”[1][2], the separation of the
regulatory systems was in fact arbitrary and
inefficient. As a result, the SIB was changed its
name to the Financial Services Authority (the
FSA) on 28 October 1997; in the meantime,
some of the power belonging to the Bank of
England was transferred to the FSA by the
Bank of England Act 1998. All these mark the
creation of a single regulator for all financial
markets.
This change has undoubtedly caused some
arguments; however, from the perspectives of
efficiency and simpler regulatory structure, the
new regime should be acceptable as long as the
new Authority is capable of being independent
and professional.
Subjects
the Securities and Investments
Board
Board
the Financial Services Authority
the
Bank of England
Bank of England
the Financial Services Act
1986
1986
the Financial Services and Markets Bill
the Bank of England Act 1998
Publisher
臺北市：國立臺灣大學法律學系暨研究所
Type
report
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