Taiwan

Taiwan was praised for easing rules on loan-loss reserves for foreign bank branches and for allowing foreign institutional investors to invest in ETFs.

Listed companies will be required to make mandatory disclosures on their carbon emissions, water usage and waste management starting next year.

Mega Bank failed to detect over 28 mortgages applications that were made by dummy accounts due to poor internal controls.

The cap on the special loan package for SMEs is being raised from TWD 300 billion to TWD 400 billion, with room for further increases if necessary.

The central bank will provide TWD 100 billion for loans to SMEs. State-owned banks have set aside a further TWD 550 billion to support business lending.

HK-based Capital Target Ltd was unable to verify the source of funds used to buy a 24% stake in Korean conglomerate Jih Sun Financial Holding in 2009.

Amendments due to take effect from 1 July will enable users of e-payment services and stored-value facilities to transfer money across platforms.

The initiative will enable the TDCC to provide Taiwan issuers with proxy research reports, which will help to enhance transparency for investors.

A special regulation to combat Covid-19 will exempt Taiwan listed companies from requirements to hold shareholders’ meetings by end-June.

The new market allows an integrated listing and trading system to streamline issuance of green, social and sustainability bonds.