Approved foreign exchange business in May 2012
PRESS RELEASE Release Date: June 13, 2012
Approved foreign exchange business in May 2012
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Oversea-Chinese Banking Corporation Ltd. to conduct NTD/FCY CCS.
2. KGI and BEA Securities Companies to engage non-discretionary individually managed money trust.
3. Reliance Securities Co., Ltd. to handle consigned trading of foreign securities settled in foreign currencies.
4. 143 branches of 15 banking enterprises to operate foreign exchange business. As of the end of May 2012, there were 2,998 authorized foreign exchange banks, including 2,944 domestic banks and 54 foreign banks.