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SinoPac targets growth from overseas, looks to Vietnam, Singapore branches
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The Financial Supervisory Commission (FSC) yesterday sanctioned 10 securities companies over failure to exercise proper information security controls regarding their high-speed trading services.
Cathay Securities Co (國泰證券), Concord Securities Co (康和證券) and SinoPac Securities Co (永豐金證券) received the severest fine of NT$1.44 million (US$50,945) each, as they had serious security breaches, Securities and Futures Bureau Deputy Director-General Kuo Chia-chun (郭佳君) told a news conference in New Taipei City.
The fines came after the commission conducted a special inspection of the Taiwan Stock Exchange’s information center in New Taipei City’s Banciao District (板橋) in November last year.
Securities firms place their servers in the
To revive the nation’s reverse mortgage policy, the Financial Supervisory Commission (FSC) said it would hold talks with the Ministry of Health and Welfare to optimize existing measures.
As the momentum of the policy had slowed over the past few years, the FSC aims to explore if it is possible to link the policy to social benefit programs, it said.
Newly approved reverse mortgages totaled NT$4.8 billion (US$169,575 million) last year, the lowest since the policy was launched in 2015, FSC data showed.
From 2016 to 2019, annual reverse mortgages were NT$6.2 billion, NT$5.5 billion, NT$5 billion and NT$5.8 billion respectively, it showed.
The
Life insurers cap to rise in steps: FSC
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
COVID-19: Banks limit in-person operations
By Kao Shih-ching / Staff reporter
E.Sun Commercial Bank (玉山銀行) has asked employees at its Taoyuan branches to stop visiting clients due to the COVID-19 situation, it said on Wednesday.
While operations at its 11 branches in Taoyuan remain normal, the bank said that it is mulling whether to have marketing staff, account officers, customer relationship managers and financial advisers there work from home.
Staff at the bank’s trading room at its Taipei headquarters would begin teleworking or work at remote offices from today, while those in other divisions, such as information, personal finance and foreign exchange, might be asked to work remotely if more infections occur, E.Sun said.
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