Taiwan

Agreement signed with ShinGinko Tokyo Ltd.

Will credit profiles be affected?

Taiwanese banks' level is low compared to peers.

Penalty was for accidentally leaking personal information.

Initially limited to 1,000 customers, however.

Outlook for the system remains stable.

Head of Financial Supervisory Commission in Taiwan has been replaced in July. In his inauguration speech, Mr. Tseng M.J. pointed out that cross boarder business development will be his priority for upgrading Taiwanese financial institutions.

Tokyo Star will be first Japanese lender acquired by a foreign bank.

Guess what the 4 main advantages are?

First monthly drop since OBU scheme began July 2011.

Is now known as CTBC Financial Holding Company.

China intends to boost renminbi flows between Xiamen and Taiwan.

Sign a cooperation agreement on cultivating and training financial talent.

Deutsche Bank becomes first foreign bank to raise renminbi in Taiwan.

First Commercial Bank is ranked first.

Financial reform is part of political reform and looks like to be a continuous effort of Taiwanese government. However, the idea disclosed by its Finance Minister on the local newspaper recently encouraging a kind of "public to public banks merge" seems debatable.