The main result of the Reform of 1997 Financial Regulatory System in the United Kingdom was the foundation of a integrated supervisory body. In other words, the Financial Services Authority (FSA) as a integrated supervisory body took over the financial supervisory powers from the Bank of England. The Reform of 1997 in the United Kingdom influenced the establishment of the Financial Supervisory Commission (FSC) and the Financial Supervisory Service (FSS) in Korea in 1998, which undertook the financial supervisory powers from the Bank of Korea. Unfortunately the integrated supervision system in UK resulted in failure in the prevention of the global financial crisis in 2008. In July, 2010, HM Treasury of UK published a consultation paper setting out far reaching reforms to the structure of financial regulation in the United Kingdom. After the consultation, the Chancellor of the Exchequer announced that the FSA would be abolished and the Bank of England took back prudential supervisory powers from the FSA. After some proper procedures, the Financial Services Bill were passed by the Houses of Commons and Lords on December, 2012. The Act took effect on and after April 1, 2013. Due to the Reform of 2010, the FPC (Financial Policy Committee), the PRA (Prudential Regulatory Authority), and the FCA (Financial Conduct Authority) were founded in exchange for the abolishment of the FSA. After tardy discussions on the revision of the Bank of Korea Act, the Act was amended in August, 2011, and the reforming discussions on the Korean financial supervision structure were brought up due to the recent supervisory failures in Korea. Especially, since the beginning of 2012 which had presidential election in December, there were many animated reforming discussions on the financial supervision structure. A lot of scholars have suggested that the financial supervision in Korea should be implemented by a public nongovernmental organization instead of a governmental organization. But the Government sticks to his opinion that the financial supervision which is the exercise of governmental authority should be carried out by a governmental organization. The England`s Financial Regulatory Reform of 2010 which was active, innovative, and prudent reform will be a good model for Korean in the future.