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5 days ago | 
bloomberg.com | Chien-Hua Wan |Betty Hou
A currency exchange in Taipei. (Bloomberg) -- Taiwan’s Central Bank strengthened its warning to local trading companies over their currency purchases as it seeks once again to tamp down speculation on foreign exchange markets and maintain the stability of the Taiwan dollar. Importers and exporters should only buy or sell the US dollar in a timely fashion based on their actual needs and not to listen to exaggerated or false market predictions, the central bank said in a statement Sunday.
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1 week ago | 
news.bloombergtax.com | Chien-Hua Wan |Betty Hou
Taiwan’s life insurers posted a NT$118.3 billion ($4 billion) foreign exchange loss from January to April, even before the island’s currency saw wild swings earlier this month that called into question the industry’s stability. Losses grew from NT$49.9B in the January to March period, according to a statement from the Financial Supervisory Commission in Taipei on Thursday. The Taiwan dollar’s almost 10% gain against the greenback this year, mostly in May, has raised concerns for policymakers.
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1 week ago | 
news.bloomberglaw.com | Chien-Hua Wan |Betty Hou
Taiwan’s life insurers posted a NT$118.3 billion ($4 billion) foreign exchange loss from January to April, even before the island’s currency saw wild swings earlier this month that called into question the industry’s stability. Losses grew from NT$49.9B in the January to March period, according to a statement from the Financial Supervisory Commission in Taipei on Thursday. The Taiwan dollar’s almost 10% gain against the greenback this year, mostly in May, has raised concerns for policymakers.
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2 weeks ago | 
bloomberg.com | Cindy Wang |Chien-Hua Wan
The Taiwan Stock Exchange Corp. headquarters in Taipei. Photographer: An Rong Xu/Bloomberg(Bloomberg) -- The Taiwan dollar’s recent surge against the greenback is causing sleepless nights for at least one major insurer in Taipei. “A 10 cent gain in the Taiwan dollar means a foreign-exchange loss of about NT$300 million. How can I sleep well?” Taiwan Life Insurance Co. Chairman Hsu Shu-po said in an interview on Friday.
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3 weeks ago | 
news.bloombergtax.com | Cindy Wang |Chien-Hua Wan
Taiwan’s financial regulator is probing 20 financial institutions over how they pushed staff to sell exchange-traded fund products, the latest sign of excessive competition in one of Asia’s biggest ETF markets. The Financial Supervisory Commission will probe ten brokerages, nine asset managers and a bank for allegedly pressuring staff to meet sales quotas for newly launched ETFs, said Huang Hou-ming, deputy director-general of the FSC’s Securities and Futures Bureau.
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3 weeks ago | 
bloomberg.com | Cindy Wang |Chien-Hua Wan
(Bloomberg) -- Taiwan’s financial regulator is probing 20 financial institutions over how they pushed staff to sell exchange-traded fund products, the latest sign of excessive competition in one of Asia’s biggest ETF markets. The Financial Supervisory Commission will probe ten brokerages, nine asset managers and a bank for allegedly pressuring staff to meet sales quotas for newly launched ETFs, said Huang Hou-ming, deputy director-general of the FSC’s Securities and Futures Bureau.
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3 weeks ago | 
news.bloomberglaw.com | Cindy Wang |Chien-Hua Wan
Taiwan’s financial regulator is probing 20 financial institutions over how they pushed staff to sell exchange-traded fund products, the latest sign of excessive competition in one of Asia’s biggest ETF markets. The Financial Supervisory Commission will probe ten brokerages, nine asset managers and a bank for allegedly pressuring staff to meet sales quotas for newly launched ETFs, said Huang Hou-ming, deputy director-general of the FSC’s Securities and Futures Bureau.
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4 weeks ago | 
bloomberg.com | Yian Lee |Chien-Hua Wan
The logo of the Taiwan Central Bank at its headquarters building in Taipei, Taiwan. Photographer: I-Hwa Cheng/Bloomberg(Bloomberg) -- Taiwan’s central bank governor dismissed the possibility of being labeled a currency manipulator by the US Treasury. “I’m confident that Taiwan will not be labeled as a currency manipulator,” Yang Chin-long, governor of Taiwan’s central bank, said when reporting to lawmakers on Thursday.
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1 month ago | 
news.bloombergtax.com | Chien-Hua Wan |Ruth Carson |Betty Hou
Two Taiwanese life insurers are taking opposite approaches to foreign-exchange hedging after a surge in the island’s currency put hundreds of billions of dollars of their US bond holdings under scrutiny. Fubon Life Insurance Co. has “enhanced” hedging as the biggest one-day surge in the currency since the 1980s threatened to erode the US dollar-denominated assets of Taiwanese companies. Taishin Life Insurance Co. said the rising costs of such protection has stayed its hands from adding more.
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1 month ago | 
news.bloomberglaw.com | Chien-Hua Wan |Ruth Carson |Betty Hou
Two Taiwanese life insurers are taking opposite approaches to foreign-exchange hedging after a surge in the island’s currency put hundreds of billions of dollars of their US bond holdings under scrutiny. Fubon Life Insurance Co. has “enhanced” hedging as the biggest one-day surge in the currency since the 1980s threatened to erode the US dollar-denominated assets of Taiwanese companies. Taishin Life Insurance Co. said the rising costs of such protection has stayed its hands from adding more.
