Taiwan regulator grants second batch of WM licences to four banks

20 May 2021 | 3 minutes read

Four more banks in Taiwan have been granted wealth management licences by the island’s Financial Supervisory Commission (FSC) to serve HNW clients with NT$100 million assets or above, the regulator announced on Tuesday. Cathay United Bank, UBS AG’s Taipei branch, First Bank Taiwan, Taiwan Cooperative Bank have joined the three others — CTBC Bank, Megabank, and Shanghai Commercial & Savings…

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