Taiwan

The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

Taiwan’s central bank may allow insurers to remit their overseas investment income back home to ease pressure on the TWD.

JPMorgan Chase, Bank of America and Citigroup would exit China if so ordered by the US government in response to an attack on Taiwan.

The merger between Fubon Financial and Jih Sun Financial will be the first merger of financial holdings companies in Taiwan.

The no-action letter will facilitate access for US persons to swaps clearing in Taiwan while TAIFEX's application for an exemption from DCO registration is pending.

Taiwanese conglomerate Far East New Century and chemicals company Chi Mei Corp issued TPEx's first two sustainability-linked bonds on Wednesday.

The FSC will be able to dismiss board members of investment firms or revoke their business licences entirely if fund managers are involved in fraud.

Banks are required to apply additional scrutiny of overseas transfers requested by customers via bank counters, to ensure the transaction is not the result of a fraud attempt.

The five are Yuanta Financial Holdings,  Cathay Financial Holdings, First Financial Holding, E.Sun Financial Holding and CTBC Financial Holding.

The bank has been incorrectly sending debt collection notices to non-debtors for ten years due to poor internal controls, the FSC said.