Approved foreign exchange business in October 2023
Central Bank of the Republic of China（Taiwan）
PRESS RELEASE Release Date: November 13, 2023
Approved foreign exchange business in October 2023
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1.CTBC Bank to issue a dollar-denominated senior unsecured structured note linked to equity derivatives.
2.Taiwan Cooperative Bank to issue a dollar-denominated senior unsecured structured note linked to interest rate derivatives.
3.One branch of one bank to operate the foreign exchange business. As of the end of October 2023, there were 3,465 authorized banks, including 3,425 domestic banks, 3 Mainland banks, and 37 foreign banks.