ECFA下我國金融業風險管理機制之探討

Study on Financial Risk Management Following the Post ECFA in Taiwan

本研究結果認為，ECFA下我國金融業發展除仍面臨「時機風險」外，潛藏之經營風險包括國家風險、信用風險、市場風險及作業風險，一旦兩岸及全球市場產生不利之變化，恐將使國內金融監理機關面臨挑戰。政府業已啟動「投資」與「出口」雙引擎，為確保金融業健全發展，並對國內產業發展產生加成效果，本研究除探討公營金融機構相關功能外，特別介紹未受美國次貸風暴及全球金融海嘯影響的澳洲，說明其風險管理機制，以及當前全球金融監理改革，在總體審慎監理、系統性風險管理及金融消費者保護方面的具體做法，供國內金融監理規範改革之參考

With abundant business opportunities being expected under the signing of the Economic Cooperation Framework Agreement (abbreviated ECFA) with Mainland China, Taiwan’s financial institutions will still encounter various potential risks including country risk, credit risk, market risk and operational risk. These risks will definitely become enormous challenges to the financial supervisory agencies once the economic downturn happens in these two markets and other global markets. So Taiwan’s government, on one hand, has started the dual engines-investment and export-to aim to sustain the development of financial institutions and other local industries; and on the other hand, has started to review the existing financial risk management system to prepare a better solution. We study and illustrate the modifications of the financial supervisory systems in US, UK and EU, and especially focus on the risk management system of Australia, the country that was not suffered from the financial crisis originated from the subprime mortgage crash in the US. Comparing these systems with the local ones, we try to offer suggestions, specifically in overall supervision, systematic risk management and customer protection, to local financial supervisory agencies in the hope that a better solution will be established soon.