Financial Regulatory Forum

Taiwan takes tough stance on corporate governance

By Guest Contributor
April 19, 2011

By Patricia Lee

(Complinet) Taiwan’s Financial Supervisory Commission has stepped up enforcement of its corporate governance regulations by making it mandatory for listed firms and financial institutions to appoint independent directors and set up a remuneration committee. The latest regulations will carry a penalty in the event of any breaches, an FSC official told Complinet, speaking on condition of anonymity.

Taiwan formally OKs China financial investment rules

March 16, 2010

    TAIPEI, March 16 (Reuters) – Taiwan’s top financial regulator formally announced on Tuesday guidelines on investments between local and Chinese banks and financial institutions after the government gave its approval. (more…)

Taiwan to allow its banks to invest in China lenders

By Reuters Staff
January 27, 2010

TAIPEI, Jan 27 (Reuters) – Taiwan has given preliminary approval for local banks to invest in Chinese lenders, but Chinese banks will not be allowed to buy stakes in Taiwanese counterparts, a government official said on Wednesday.

Taiwan to ban job cuts in financial firm mergers – paper

January 11, 2010

    TAIPEI, Jan 11 (Reuters) – Taiwan’s government is planning to draft a law that bans financial institutions from laying off employees when they acquire counterparts, the United Evening News reported on Monday. (more…)

Taiwan may ban foreign bond buying – report

By Reuters Staff
January 7, 2010

TAIPEI, Jan 7 (Reuters) – Taiwan is considering banning foreign funds from buying bonds, a local newspaper reported on Thursday, as regulators and the central bank ratchet up pressure on currency speculation they fear could damage the economy.

Taiwan, China ink financial pact, to take effect soon

November 17, 2009

Chairman of Taiwan's Financial Supervisory Commission Sean Chen speaks during a news conference in Taipei County November 16, 2009. Taiwan has signed a financial service pact with China, allowing its banks to tap China's massive market and paving the way for banks on both sides to invest in each other, a source said on Monday. The much-anticipated pact, or memorandum of understanding (MOU), will mainly cover cross-border financial supervision. REUTERS/Stringer (TAIWAN BUSINESS POLITICS) TAIWAN OUT. NO COMMERCIAL OR EDITORIAL SALES IN TAIWAN By Faith Hung
TAIPEI, Nov 16 (Reuters) – Taiwan has signed a financial service pact with China, the Taiwan government said on Monday, allowing its banks to tap China’s massive market and paving the way for banks on both sides to invest in each other.