The new rules introduced by the Taiwan regulator are aimed at aligning the country’s financial supervision structures with Hong Kong and Singapore and increase investment activity in the country.
The Financial Supervisory Commission (FSC) in Taiwan has released new wealth management rules enabling eligible banks to offer new financial products and services to high-net worth clients starting next quarter. The new rules, part of the Regulations Governing Banks Conducting Financial Products and Services for High-Asset Customers, will take effect after a 60-day notice, according to FSC chairman Wellington Koo (pictured) . Under the new guidelines, only banks with solid financials, large-sc
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