UBS first to re-enter Taiwan structured note market

UBS has become the first foreign investment bank in Taiwan to resume its sale of structured notes to professional investors after the market ground to a halt when Lehman Brothers collapsed in September 2008.

After heavy losses from NT$40 billion ($1.24 billion) of notes linked to Lehman Brothers, particularly among Taiwan’s retail investors, the island’s regulatory regime was extensively overhauled, with new rules becoming effective on August 23.

UBS is the first foreign institution to test the