Taiwan's Financial Supervisory Commission chairman William Tseng said the country’s companies have a total of US$4.97 billion in exposure to renminbi-linked target redemption forward (TRF) financial derivative products with unrealized losses valued at US$2 billion.
The Financial Supervisory Commission has relaxed rules on credit card use, allowing banks to issue dual-currency credit cards to clients.
Taiwan is relaxing rules on intraday trading to boost market turnover, the country’s financial regulator said.
The Financial Supervisory Commission (FSC) is easing restrictions on the offshore banking units (OBUs) of Taiwanese lenders to boost the local asset management industry.
The Financial Supervisory Commission has allowed foreign futures traders to make direct transfers of excess margin deposits between accounts with different futures commission merchants.
The Financial Supervisory Commission said it will adopt a more transparent system for approvals of foreign investment in the country.
The Ministry of Finance is rolling out new measures to boost tax collection.
The Financial Supervisory Commission plans to relax rules as early as next quarter to facilitate securities firms' reinvestment efforts overseas.
The Financial Regulatory Commission is urging financial firms to appoint vice-president level compliance officers.
The Financial Supervisory Commission has lifted restrictions governing the types of investments available to nonresident investors, in a move that would boost the nation's local asset management industry.
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