Approved foreign exchange business in May 2014
PRESS RELEASE Release Date: June 12, 2014
Approved foreign exchange business in May 2014
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Bank of Kaohsiung to conduct foreign currency transfers between designated accounts through internet banking business.
2. Fubon Securities to engage non-discretionary and individually managed money trust.
3. 11 branches of 3 banks to operate foreign exchange business. As of the end of May 2014, there were 3,373 authorized foreign exchange banks, including 3,334 domestic banks, 3 Mainland banks and 36 foreign banks.