Page 22 - 銀行家雜誌第71期

ᝈ˂ɨ

ߕ਷ᐼ୕ࡉ፯ɛ

ٙვБҷࠧ݁Ԉ

І ੽2009ϋߕ਷ϣ൲Κ ږၾᒒᎈਿږʘҳ༟ᐼᕘdʔ
ዚˏ೯Όଢږፄऎᄟ˸
੻൴ཀვБୋɓᗳࣨː༟͉ٙ
ቍࠊ߱ Ըdߕ਷ִ݁уʔᓙ̋੶ږ 3%dϤуהፗٙͿдဧجۆ
ତᔖjุ༵ږࢫᐼ຾ଣęᝄԭ˄ପุʱؓਖ਼ ፄ္ଣ΢ධણ݄dՉʕ௰ࠠ （Volcker Rule）f
ุ՘ආึଣԫڗ
ኪዝjߕ਷۾౶ੰԔψͭɽኪ௥ࠔჅʱࣧ຾᏶ ࠅٙ݊ᐼ୕ᆄˋ৵（Barack ୋɧdϓͭऊ൬٫ږፄڭ
ӻ௹ɻࡉ፯ɛęᝄɽኪ຾᏶ኪኪɻ
຾ዝj̨ᝄږፄ޼৅৫৫ڗeڀ࿩ვБਓᐼ൒ Obama）׵2010ϋ7˜21˚ ᚐ҅（Consumer Financial
ࡒ࠯ࢩ຾᏶ኪ࢕ęᝄ຾᏶޼Ӻ৫пଣ
޼Ӻࡰ הᖦ໇ٙږፄҷࠧجࣩDodd- Protection AgencydCFPA）d
Frank Wall Street Reform and ˸ڭღږፄਠۜҳ༟ɛᛆूf
Consumer Protection Act（以 ୋ ̬ d ϓ ͭ ږ ፄ ؂ ਕ
下簡稱Dodd-Frank法案）dՉ ္ ຖ ։ ࡰ ึ （ F i n a n c i a l

˴ࠅࣨːఖᔎίཫԣӻ୕׌ࠬ Services Oversight Councild
ᎈၾऊ൬٫ږፄڭᚐՇɽᙄᕚ FSOC）d͜˸༆Ӕ္၍ɪε
ɪdʫ࢙ܼ̍j ᎘৵ԓʘॹ௘dԨϞࣖԣᇍӻ
ୋɓdߧɢԣ˟ვБཀɽd ୕׌ࠬᎈf
˸Ї׵ପ͛˜˄ɽʔঐࡀ™ٙ ୋʞd࿁ږፄࠃ͛׌ਠۜၾ
ࠬᎈd˴ࠅણ݄ܼ̍һ৷ٙ༟ ᒒᎈਿږʘ੶ʷ္၍fܼ̍ਗ਼
͉ቇԑଟe࿳૖ˢଟeݴਗ׌ ɽ௅ʱᓞᓣʹ׸（OTC）ʘ
ˢଟʿࠬᎈ၍ଣࠅӋdԨબʚ ږፄࠃ͛׌ପۜॶɝʹ׸הձ
္၍ዚ࿴࿁ɽۨږፄዚ࿴ʱ ૶ၑʕːʘ̨̻d̋˸஝ᇍၾ

௲eࠠଡ଼אʱװ༟ପʘᛆࠢf ၍Փd˲ɽۨٙᒒᎈਿږeӷ
ୋɚdࠢՓਠุვБ੽ԫݔ ෍ٰᛆਿږʿՉ˼ҳ༟ᚥਪ
Ԭҳ༟ุਕdᒒеვБϞཀ৷ ዚ࿴d඲ίᗇ၍ึ（SEC）೮
ᖅᎈdԷνࠢՓვБٙІᐄʹ াd౧ᚣʹ׸༟ৃdԨ֛ಂટ
׸ʿࠢՓვБҳ༟ӷ෍ٰᛆਿ աᏨݟf

22 ̨ᝄვБ࢕2015.11˜໮