Taiwan

Under the current design, a two-tier system is being used that will allow users to exchange bank deposits with the TWD digital currency.

The regulator is encouraging listed companies and securities firms to share information security information to achieve greater effectiveness in their cyber defences.

Futures trust companies are required to set up dedicated risk management departments with "adequate and competent" full-time personnel by 31 December.

Lenders have agreed to extend repayment periods for personal consumer financial products and to provide more favourable repayment plans.

The FSC will change a threshold it uses to determine whether to accept a financial institution's application to start a new business.

Last February, Deutsche Bank’s Taipei branch was banned from trading TWD forwards and suspended for two years from trading FX derivatives.

Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.

The acquisition, expected to close in mid-2023, will make DBS the largest foreign bank in Taiwan by assets.

The FSC proposes to allow Taiwanese securities and futures companies to own more than 50 percent of Mainland institutions.

The rules seek to strengthen the management of related party transactions and improve the quality of opinions issued by external experts.