# Crawling towards reform

## Taiwan Special Report

Taiwan is, in many ways, in robust financial health. Its fourth-quarter current account surplus last year was $6.4 billion, while its foreign exchange reserves stood at$266 billion at the end of December. And it appears to have drawn a line under the 2004 bond-fund crisis.

But the country's financial markets, while developed in some areas, still face structural and regulatory issues. And domestic investors, particularly on the fixed-income side, see a lack of investment opportunities.

While s

#### 7 days in 60 seconds

###### SOFR, leverage and life after London

The week on Risk.net, July 14-20, 2018