Approved foreign exchange business in February 2019

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

1.    Taishin International Bank to engage in foreign securities trading business provided such trading is neither an investment of proprietary funds nor done to meet hedging purposes.

2.    Taiwan Business Bank, Chang Hwa Commercial Bank, Bank of Taiwan, Land Bank of Taiwan, First Commercial Bank, and Mega International Commercial Bank to authorize designated branches to recommend foreign exchange derivatives.

3.    As of the end of February 2019, there were 3,443 authorized banks, including 3,405 domestic banks, 3 Mainland banks, and 35 foreign banks.