Taiwan allows onshore trading of foreign derivatives
Authorities take further steps to bring $300bn of overseas traded securities onshore as it seeks to beef up the domestic financial sector
Taiwan regulators have relaxed restrictions on trading foreign derivatives onshore as part of a broader policy of what it terms "financial import substitution" – a strategy that aims to build up the domestic finance sector.
On July 30 Taiwan's Financial Supervisory Commission (FSC) introduced a new policy allowing local banks, and Taiwanese branches of foreign banks, to trade and settle offshore
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