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A Study on the Regulatory Reform in the Financial Sector:The Perspective of Re-regulation

  • Korean Society and Public Administration
  • Abbr : KSPA
  • 2004, 15(1), pp.235-258
  • Publisher : Seoul Association For Public Administration
  • Research Area : Social Science > Public Administration

이혜영 1

1한국지방행정연구원

Accredited

ABSTRACT

The purpose of this study is to analyze the distinctive pattern of the regulatory reform in the financial sector in Korea from the viewpoint of re-regulation. The existing studies on regulatory reforms use deregulation approach to regulatory reform. Thus, they cannot provide a systematic tool to inspect the patterns and structures of post-regulatory system. To overcome the limits of the existing studies, this study adopted re-regulation approach to explore the distinctive pattern in the financial regulatory reform in Korea. According to the result of the regulatory reform contents analysis in the financial sector from the viewpoint of re-regulation, the regulatory reform in the financial sector represented the regulatory re-framework to create competition and to promote financial systemic safety. According to the analysis of the actual condition of re-regulation, however, the re-regulatory system in the financial sector fails to operate properly as we expected. Government control over the financial sector still remained. Through this study on the re-regulation we can understand more clearly the essence of the financial regulatory reform in Korea. Furthermore, this study can provide useful implications about the government role and the regulatory reform in the future. [Key Words: 규제개혁, 재규제, 금융정책, 건전성 규제 수단, 재량적 개입]

Citation status

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