Taiwan banks challenged by post-Tarf loss regulations
Crackdown on "high risk" derivative products drives up dealers' costs
Dealers are complaining that the latest regulation governing complex derivatives transactions in Taiwan following large-scale losses in 2014 on target redemption forwards (Tarfs) by local corporates is driving up transaction costs and limiting their ability to sell investment products.
Taiwan corporates faced unrealised losses of 6 billion Taiwan dollars ($150 million) in the first quarter of last
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