Approved foreign exchange business in April 2017

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1.    O-Bank to engage in non-discretionary individually managed money trust business denominated in foreign currencies.

2.    Natixis Taipei Branch to engage in foreign exchange derivatives business for the first time.

3.    One branch of one bank to operate foreign exchange business. As of the end of April 2017, there were 3,430 authorized banks, including 3,391 domestic banks, 3 Mainland banks and 36 foreign banks.