Date
20 October 2017

Taiwan eases restrictions on OBU forex business, HKEJ says

Taiwan has eased restrictions on banks’ foreign exchange derivatives business through their offshore banking units (OBU), the Hong Kong Economic Journal reported Thursday, citing the island’s Financial Supervisory Commission. The financial regulator will lower the threshold for customers participating in the business while allowing banks to select customers based on their own risk control standards, according to the newspaper. Banks will also be allowed to expand their OBU forex business beyond the Taiwan dollar, the report said.

– Contact HKEJ at [email protected]

KZ/MY/CG

 

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