Approved foreign exchange business in January 2014
PRESS RELEASE Release Date: February 13, 2014
Approved foreign exchange business in January 2014
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1.Hwatai Bank to operate NTD/FCY Options.
2.BNP Paribas Taipei Branch to underwrite International Bonds in foreign currencies.
3.Bank Taiwan Life Insurance Co., Ltd. to conduct investment-linked insurance business settled in foreign currencies.
4.5 branches of 4 banking enterprises to operate foreign exchange business. As of the end of January 2014, there were 3,360 authorized foreign exchange banks, including 3,320 domestic banks, 3 Mainland banks and 37 foreign banks.