Worldwide Comparison Research And Reference For The Firewall Regulations Of Financial Holding Company

The approach of the research is a comparison between the firewall regulations of financial holding company acts of the U. S. and Japan. This dissertation focuses on the differences between the American market-orented financial system and Japanese bank-oriented financial system. Based on a micro-aspect of highlighting an "Interior Firewall" within a financial holding company 梐 semi-separation in a financial holding company of banking businesses from securities businesses, first section of the chapter sets up an accountion梤alating model to calculate costs and benefits of the semi-separation with in a financial conglomerate' s operational synergies . Based on a macro-aspect of implementing an "Exterior Firewall" a separation of banking businesses from non-banking businesses, Second section of the chapter discusses the adequacy of Implementing such a device between the banking and non-banking businesses, particularly in the regulations of a financial holding company in the U. S. and Japan . On the end, gives some suggestions with adequate setting-up of a firewall in the forthcoming Chinese law of financial holding company.