Bank reported financial adviser to regulator and dismissed them after uncovering misconduct involving more than $3mn.
Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.
US Federal Reserve Board cites deficiencies in Mega Bank's operations, risk management and compliance controls in relation to AML and bank secrecy laws.
Tech firms will need to pass an assessment for FSC approval to use the sandbox and gain exemptions from certain regulations.
Exchange says move will boost trading speeds, bring Taiwan up to speed with international standards and regulations.
Order issued after reports that hackers breached bank's online transaction system and stole $60mn which was distributed via SWIFT.
New regulations will require firms involved in securities and futures markets to set up separate AML/CTF units, boost FSC inspection powers.
Investment advisors can use robo-advisory technology to execute transactions and rebalance portfolios for clients as long as preset investment scale and return standards are maintained.
Securities law won’t be amended until October; firms asked to contact regulators if they cannot meet 1 July deadline.