On Universal In International Banking

And not the relevant business of the finance whether the commercial bank could manage the securities, insurance, trust, all the time it is the focus that has disputed in the international finance circle. In 1933, U.S.A. was marking the formal establishment of the financial separate operating through " Glass Steger's bill ", which prohibit banks, securities, insurances, etc. from permeating each other, limit the investment in the industrial and commercial enterprises of the bank strictly too at the same time. And then, global financial circles lift the wind of separate operating. But with the constant development of the international economy and the constant penetration of the financial integration, the traditional commercial banks which are under the separate operating management system face the enormous pressure in the keen competition day by day, which result in the separate operating's wavering and splitting up. After going through the " Big Bang " in Britain and Japan, the founder and leader of the separate operating —U.S.A. had to comply with the international trend too, implemented the financial reform progressively, passed "Gramm-Leach-Bliley Act" in December of 1999 finally, and declared that U.S.A. ended the implementation the separate operating lasting for 66 years.In the face of international finance circle, especially the development and change of western commercial bank management and administration, we can't turn a blind eye to. Especially after China joins WTO, the opening to the outside world of financial circles is expanding constantly, we should stand in the height of the national benefit to prepare the development plan of financial circles, to promote the coordination of the banks, securities, and insurance, and to study the corresponding macro adjustment and control policy externally, in order to carry out the resolution of the coordinated development in money market, capital market and insurance market put forward in the Third Plenary Session of the 16th Party Central Committee.This text attempts to pass the history of the separate operating and corporateoperating in the western countries' banks especially the commercial banks of the countries, such as U.S.A., Germany, Britain, Japan, Korea S., etc., summarize some laws jointly in decades, and then combine our country's conditions and nowadays the changes of the latest relevant laws and regulations , policy environment, to probe into the domestic feasibility and necessity of universal banking and the financial corporate operating at present, putting forward financial holding company can yet be regarded as the most effective mode and choice of corporate operating of our country's banking, through which we can widen the train of thought of the reform in banking system of our country, strengthen the international competitiveness of the domestic banking.