The Central Bank of Taiwan approved a set of foreign exchange business applications in December 2024, covering new issuances and activities in structured products, debt instruments, foreign exchange derivatives distribution, and participation in foreign currency-denominated ETFs. Approvals included CTBC Bank issuing USD-denominated senior unsecured structured notes linked to equity derivatives, Standard Chartered Bank (Taiwan) issuing a USD-denominated long-term subordinated unsecured bond, and Taishin International Bank engaging in non-principal protected structured products composed of foreign currency bond options linked to foreign currency principals. Fubon Securities was approved to have its branches sell foreign exchange derivatives, and KGI Securities was approved to act as a participating dealer for a domestically issued foreign currency-denominated exchange-traded fund. The release also reported 3,459 authorized banks as of end-December 2024, comprising 3,419 domestic banks, three Mainland banks, and 37 foreign banks.
Central Bank of Taiwan 2025-01-13
Central Bank of Taiwan approves December 2024 foreign exchange business for CTBC, Standard Chartered Taiwan, Taishin, Fubon Securities and KGI Securities
In December 2024, the Central Bank of Taiwan approved several foreign exchange business applications, including CTBC Bank's USD-denominated structured notes, Standard Chartered Bank (Taiwan)'s subordinated bond, and Taishin International Bank's structured products. Fubon Securities and KGI Securities also received approvals for foreign exchange derivatives and ETF participation.