All posts tagged "Cathay United Bank"
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232TaiwanTaiwan FSC Tightens Rules to Prevent Thefts of Client Money
Banks 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, 2021 -
223AML / KYCTaiwan FSC Fines Taishin Int’l Bank for Oversight Failures
A 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, 2021 -
128Capital RegulationTaiwan FSC to Ease Capital Requirements for D-SIBs
The 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 -
304Market InfrastructureTaiwan Issues List of Institutions Required to Bolster Cybersecurity
The critical infrastructure facilities believed to be on the list include Taiwan’s D-SIBs, science park operators and telecoms.
February 5, 2021 -
627Fintech / Regtech
Taiwan FSC Approves Banks for Second Phase of Open Banking
Following the launch of the first phase in September 2019, the second phase of open banking will involve the exchange of customer data.
January 11, 2021 -
521Capital RegulationTaiwan FSC Designates First Commercial Bank as Sixth D-SIB
In June 2019, the FSC designated CTBC Bank, Cathay United Bank, Taipei Fubon Bank, Mega International Commercial Bank and Taiwan Cooperative Bank as D-SIBs.
January 2, 2021 -
313Enforcement
Cathay United Bank Penalised Over Misappropriated Client Funds
Cathay United failed to set up internal controls to prevent the theft of TWD 17.32 million from four clients by a customer relationship manager.
January 2, 2021 -
967Asia-PacificMyanmar Awards Licences to Seven More Foreign Banks
The preliminary licences were awarded to three Korean banks, two Taiwanese banks, one Hong Kong bank and one Thai bank.
April 13, 2020 -
812Capital RegulationTaiwan Lowers D-SIB Surcharge Following Complaints from Banks
The new rules ask Taiwan's five D-SIBs to keep their capital ratios 2 percentage points higher than other banks, compared to 4 percentage points higher in the previous version.
December 23, 2019 -
721Capital Regulation
Taiwan FSC to Ease Calculation Method for D-SIB Capital
The move follows push back from some banks, saying that the higher capital buffer required of D-SIBs could raise funding costs and make them less competitive.
September 16, 2019
