The Central Bank of Taiwan approved a new set of foreign exchange market authorizations, including the reappointment of Mega International Commercial Bank as the settlement bank for foreign currencies other than USD, RMB, JPY and EUR, and permission for Cathay United Bank to engage in non-principal protected structured products composed of foreign currency bond options linked to foreign currency principals. It also authorized one branch of one bank to operate foreign exchange business. As of the end of April 2026, there were 3,449 authorized banks, comprising 3,409 domestic banks, 3 Mainland banks and 37 foreign banks.
Central Bank of Taiwan 2026-05-12
Central Bank of Taiwan approves foreign exchange authorizations including Mega International Commercial Bank reappointment and Cathay United Bank structured products
The Central Bank of Taiwan approved new foreign exchange market authorizations, including reappointing Mega International Commercial Bank as settlement bank for foreign currencies other than USD, RMB, JPY and EUR, and allowing Cathay United Bank to offer non-principal protected structured products composed of foreign currency bond options linked to foreign currency principals. It also authorized one bank branch to operate foreign exchange business, bringing the total number of authorized banks to 3,449 as of end-April 2026.