The Central Bank of Taiwan approved a set of foreign exchange business authorizations in January 2025, covering new foreign-currency issuance and structured product activities, participation in a domestically issued foreign currency-denominated ETF, and additional FX-related wealth management activity. E.Sun Commercial Bank was approved to issue foreign currency denominated negotiable certificates of deposit and to offer principal protected callable structured products composed of foreign currency equity index options and foreign currency interest rate (including index) options linked to foreign currency principals. CTBC Bank received approval to issue dollar-denominated senior unsecured structured notes linked to equity derivatives. Yuanta Securities and SinoPac Securities were authorized to act as participating dealers for a domestically issued foreign currency-denominated ETF, while SinoPac Securities was also approved to conduct wealth management business through non-discretionary and semi-discretionary individually managed securities trusts involving foreign exchange. The central bank also reported 3,459 authorized banks as of end-January 2025, including 3,419 domestic banks, three Mainland banks and 37 foreign banks.
Central Bank of Taiwan 2025-02-13
Central Bank of Taiwan approves January foreign exchange business expansions for banks and securities firms
In January 2025, the Central Bank of Taiwan approved foreign exchange business authorizations, including new foreign-currency issuance and structured product activities. E.Sun Commercial Bank, CTBC Bank, Yuanta Securities, and SinoPac Securities received specific approvals for various foreign currency-related financial products and services. The central bank reported 3,459 authorized banks as of end-January 2025, comprising 3,419 domestic banks, three Mainland banks, and 37 foreign banks.