The FSC and central bank have agreed to allow local companies to open OBU accounts at domestic banks to facilitate their access to foreign currency borrowing.
May 22, 2020The FSC will investigate banks that charge unreasonably high handling fees to circumvent the interest rate cap on relief loans.
May 6, 2020Hua Nan Securities reportedly lost $158mn on derivative warrants in March as a result of poor internal controls.
April 15, 2020In March, the FSC will announce which banks qualify to issue new structured note products, after the regulator eased regulations on the investment targets they can be linked to.
January 7, 2020Taiwan will relax its rules on financial products, expanding its OBU business, and boost the resilience and innovativeness of Taiwanese financial institutions.
December 18, 2019Banks cannot have executives or board members serving concurrently as directors or supervisors at the virtual banks in which they are invested.
September 13, 2019The three digital only bank licences went to conglomerates led by Japan's LINE Group; Taiwan's Chunghwa Telecom; and Japanese e-commerce firm Rakuten Inc.
July 31, 2019Fundraising through STOs will be capped at TWD300mn; individual investors will be allowed to purchase up to TWD300,000 worth of security tokens.
July 2, 2019The Asia/Pacific Group on Money Laundering will conduct its mutual evaluation of Taiwan and its financial institutions from 5 November until 16 November.
October 26, 2018Seven state-banks have raised fees for foreign remittances, saying the extra charges are needed to offset costs associated with upgrades to money laundering controls.
October 12, 2018