금융의 국제화와 금융감독의 법적 과제 = Internationalization of Finance and Legal tasksof Financial Supervisory Authority

다국어 초록 (Multilingual Abstract)

The internationalization of financial services is an important issue for the strengthening and liberalizing of financial systems in korea. There has been considerable support for the view that internationalization can assist korean finance market in building financial systems that are more stable and efficient by introducing international standards and practices.
At the same time, there have been concerns about the risks that internationalization may carry for some aspects, particularly in the absence of adequate regulatory structures. This paper examine different aspects of this debate, the relative benefits and costs of internationalization, and together provide an insight into the diversity and significance of the effects of internationalization on domestic financial systems.
Apart from other benefits, internationalization helps build more robust, efficient financial systems by introducing international practices and standards; by improving the quality, efficiency, and breadth of financial services; and by allowing more stable sources of funds.
However, Financial Supervisory Service carries out strictly concrete authorities delegated from the Financial Supervisory Commission. Nevertheless It must insist that financial supervisory policy(against bad capital from oversea)be ruled by the regulation guidelines under the law. But it won't scratches the surface in calling for good capital and the impartiality policy of financial supervision.