The Central Bank of Taiwan approved several foreign exchange business authorizations in February 2025, covering new issuance and underwriting activities by three named institutions and one additional bank branch. Australia and New Zealand Banking Group Taipei Branch was approved to issue foreign currency denominated negotiable certificates of deposit, CTBC Bank to issue USD-denominated senior unsecured structured notes linked to equity derivatives, and Societe Generale Taipei Branch to underwrite foreign currency denominated international bonds. One branch of one bank was also approved to operate the foreign exchange business, bringing the total number of authorized banks to 3,460 as of end-February 2025, comprising 3,420 domestic banks, three Mainland banks, and 37 foreign banks.