Financial Supervisory Commission, Taiwan
Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection
Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection
The bank had failed to establish proper internal control systems
Taiwan bad loans increased by $400m in July
Total outstanding loans increased to $1.19t at the end of July.
Taiwan signs fintech cooperation MoU with Israel
The country signed a similar agreement with four other countries.
Taiwan banks ordered to take measures to safeguard elderly customers
Regulator urges banks to treat elderly customers fairly and reasonably.
Taiwan’s bad loans shrank by $2.03b in January
NPL ratio for 39 domestic banks is now at 0.16%.
Taiwan SME loans reach $310b in December 2021
The FSC also reported numbers on credit card, cash card, and e-payment businesses.
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