The Central Bank of Taiwan approved five foreign exchange-related business applications as part of its policy to liberalize, internationalize and develop the foreign exchange market. The approvals allow Taishin International Bank to issue foreign currency denominated negotiable certificates of deposit, Bank SinoPac and Fubon Securities to offer specified principal-protected structured products linked to foreign currency principals, PCA Life Assurance to conduct wealth management business involving foreign exchange, and one additional bank branch to operate foreign exchange business. Bank SinoPac's approval covers principal-protected structured products composed of foreign currency interest rate swaps linked to foreign currency principals, while Fubon Securities' approval covers principal-protected structured products composed of foreign currency interest rate options linked to foreign currency principals. As of the end of May 2026, there were 3,450 authorized banks, including 3,410 domestic banks, three Mainland banks and 37 foreign banks.
Central Bank of Taiwan2026-06-12
Central Bank of Taiwan approves five foreign exchange business applications including foreign currency negotiable certificates of deposit and structured products
The Central Bank of Taiwan approved five foreign exchange business applications, including foreign currency denominated negotiable certificates of deposit, principal-protected structured products and wealth management involving foreign exchange. It also authorized one additional bank branch to operate foreign exchange business, bringing the total number of authorized banks to 3,450 at the end of May 2026.