金融控股公司的反垄断法规制——以银行集中控制为视角

金融控股公司已成为当前各国发展金融行业,提升金融竞争力的主要方式。金融控股公司的集中是竞争效率的反应,但过度集中则会导致竞争者减少,竞争机制的失灵。过去,人们强调金融业的监管问题,但金融危机不仅使人们意识到审慎监管的重要性,也引起了人们对金融反垄断的思考。对金融控股公司集中的反垄断规制应以有效竞争原则为基本理念;在规制的具体规则中,则应考虑相关市场的界定和有效抗辩机制这两个因素。

Anti- Monopoly Regulation of Financial Holding Companies -A Perspective of the Control of Bank Concentration

Financial holding company （FHC） has become an important path for most countries in the world to develop financial industry and enhance financial competitiveness. The concentration of FHC reflects the efficiency of competition, but it will also lead to the decrease of competitors and failure of competition without regulation. In the past ,people emphasized the importance of financial regulation ,however ,the financial crisis made people realize not only the need of prudential supervision, but also the necessity of anti - monopoly regulation. The anti - monopoly regulation of bank concentration should be based on the fundamental principle of workable competition and take rel- evant market definition and efficiency defense mechanism into consideration regarding with specific rules.