The FSC is investigating five banks that dealt with the P2P lending platform, which was operated as a Ponzi scheme and stole an estimated $81.6mn from investors.
May 5, 2023The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank's president will also have his salary cut for three months.
January 6, 2023The FSC says CTBC Bank was the only Taiwanese D-SIB that meet its prescribed capital requirements as of the end of June.
October 12, 2022Besides CDD and EDD failures, the bank's risk classification framework was "defective by design" and senior management oversight was "inadequate".
September 26, 2022The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.
June 30, 2022The bank was fined, temporarily barred from setting up new ATMs, and required to increase its operational risk capital by 30 June.
April 14, 2022The FSC says the D-SIBs should take on more responsibilities to help Taiwan maintain financial stability and improve governance in the financial industry.
December 4, 2021Banks have until 1 January to comply with the new rules, which seek to prevent the theft of client money by customer relationship managers.
August 26, 2021A Taishin customer relationship manager stole TWD 347 million from nine customers over more than a decade by asking them to sign blank transfer forms.
July 26, 2021The move is aimed at boosting the lending capacity of the six D-SIBs, enabling them to expand loans to businesses by TWD 400 billion this year.
July 2, 2021