The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023The case was the first in which the FSC imposed a penalty for market order disruptions as a result of high-frequency algorithmic trading.
January 31, 2023Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.
January 30, 2023Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.
January 25, 2023Taipei Fubon Bank as the surviving entity will be Taiwan's third-largest bank by assets after Bank of Taiwan and CTBC Bank.
January 19, 2023Those engaged in unfair trading activities would face either a prison sentence of at least one year or a fine of between three and five times profits.
January 19, 2023The recognition allows European financial institutions to apply the minimum risk weight of 2 percent for exposures to TAIFEX derivatives.
January 18, 2023Lawmakers are concerned that the growth of the BNPL sector could lead to a crisis similar to the 2005/2006 credit card crisis in Taiwan.
January 8, 2023Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.
January 8, 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, 2023