Regulatory Alerts2026-06-18
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FSC Approves Bank of Taiwan, Taiwan Business Bank, and Far Eastern International Bank to Provide Financial Products and Services for High-Net-Worth Clients
The Financial Supervisory Commission approved Bank of Taiwan, Taiwan Business Bank, and Far Eastern International Bank to conduct high-net-worth client business, bringing the total number of authorized banks to 24. These institutions must implement specific plans for talent cultivation, product development, risk management, and accountability mechanisms to ensure corporate governance and fair treatment of customers. The Commission intends to encourage financial institutions to enhance wealth management capabilities and attract overseas capital to invest in Taiwan's core industries.
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