The acquisition will make DBS the largest foreign bank in Taiwan by assets, and the 18th largest bank overall.
In response to the FTX collapse, Taiwan's FSC plans to introduce regulations requiring local crypto exchanges to segregate their customers' assets.
FIs will have to disclose climate-related information in annual reports and public offering documents for securities issuance.
The FSC will encourage overseas fund managers to provide ESG-related research and technologies to their local agents in Taiwan.
Foreign institutional investors will be able to borrow funds from domestic financial institutions using local equities as collateral.
The recognition lowers capital requirements and makes managing counterparty risk easier for EU financial institutions participating in Taiwan's market.
The revisions also simplify application procedures and allow securities firms to provide financial planning services to clients through trusts.
Some futures firms will be able to allocate more of their special surplus reserves towards dividend payments.
CFTC certification allows US participants to trade TAIEX Futures and Mini-TAIEX Futures through eligible brokers.
Implementation of requirements for non-life insurers to set aside more capital to guard against catastrophe risks have been postponed.
Loading more posts...
Sorry, no more posts
No more pages to load