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 last year.
After heavy losses on NT$40 billion of notes linked to Lehman – particularly among Taiwan's retail investors – the island's regulatory regime was extensively revamped, with new rules becoming effective on August 23 this year. UBS is the first institution to test the waters.
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