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Taiwan Forms Anti-FX Speculation Force

Taiwan’s Financial Supervisory Commission has set up a task force to combat forex speculation.

Taiwan’s Financial Supervisory Commission (FSC) has set up a task force to combat forex speculation, CENS reports. The task force, comprising staffers from the Financial Examination Bureau, Securities and Futures Bureau and the Taiwan Stock Exchange, will probe foreign-fund custodian banks from December 31.


Citibank and JP Morgan Chase will be the first two targets. The inspection will focus on matters including the registration of foreign funds, the flow for their placement of trading orders, and services provided by those banks, including the custody of money/securities and confirmation and delivery of transaction.

Click here for the story from CENS.

Click here for additional coverage from AFP.

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