Approved foreign exchange business in August 2015
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Promulgation of the application procedure and related requirements for insurance enterprises as a participated bank in syndicated foreign currency loans.
2. Bank of China Taipei Branch, BBVA Taipei Branch, Mega International Commercial Bank, Standard Chartered Bank (Taiwan), Cathay United Bank, Bank of Taiwan, Bank of Communications Taipei Branch, E. Sun Commercial Bank, China Construction Bank Taipei Branch, Ta Chong Bank, Yuanta Commercial Bank, Land Bank of Taiwan, CTBC Bank, Taiwan Business Bank, Hua Nan Commercial Bank, KGI Bank, ANZ Bank (Taiwan), The Shanghai Commercial & Savings Bank, Chang Hwa Commercial Bank, First Commercial Bank and Taishin International Bank to issue foreign currency denominated negotiable certificate of deposits.
3. Cathay United Bank to be an investor clearing bank of foreign currency bonds and bills.
4. Taipei Fubon Commercial Bank, E. Sun Commercial Bank, Bank SinoPac, Standard Chartered Bank (Taiwan), Standard Chartered Bank Taipei Branch, Ta Chong Bank and Far Eastern International Bank to engage in electronic transaction business involving foreign exchange.
5. Barclays Bank Taipei Branch, DBS Bank (Taiwan) and Far Eastern International Bank to engage in principal protected or non-principal protected structured products composed of foreign equity options linked to foreign currency principals.
6. Mega International Investment Trust Co., Ltd. to conduct the foreign currency discretionary investment business.