Taiwan clamps down on Tarfs over financial stability fears

FSC chairman says the regulator's focus is not "the domestic banking sector's profitability"

William Tseng
William Tseng: warning over exotic derivatives

The Taiwan financial regulator's recent move to further restrict the sales of target redemption forwards (Tarfs) and discrete knock-outs (DKOs) was driven by a focus on financial stability and protecting investor interests, says William Tseng, Taiwan Financial Supervisory Commission (FSC) chairman.

Taiwan corporates have experienced significant losses in the past 18 months after the renminbi unexpectedly reversed its appreciation versus the dollar; this happened first in February 2014 and then

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: