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ãTAIPEI TIMESã FSC to inspect sales of financial products to seniors
Financial Supervisory Commission Chairman Thomas Huang speaks at a meeting of the legislatureâs Finance Committee in Taipei yesterday.
Photo: CNA 2021/05/11 03:00
RISK-AVERSE GROUP: The commission would look into whether the designated banks, insurers and credit unions have sold high-risk financial products to seniors
By Kao Shih-ching / Staff reporter
The Financial Supervisory Commission �
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ãTAIPEI TIMESã Line Bank report on crash not satisfactory: regulator
Signage for Line Bank Taiwan Ltd is displayed at the companyâs headquarters in Taipei yesterday.
Photo: Lee Chin-hui, Taipei Times 2021/05/11 03:00
By Kao Shih-ching / Staff reporter
A report by Web-only Line Bank Taiwan Ltd ï¼é£ç·åæ¥éè¡ï¼ explaining why its information system crashed on the first day of operation was not satisfactory and the Financial Super
Line Bank report on crash not satisfactory: regulator
By Kao Shih-ching / Staff reporter
A report by Web-only Line Bank Taiwan Ltd (連線商業銀行) explaining why its information system crashed on the first day of operation was not satisfactory and the Financial Supervisory Commission (FSC) would demand that the bank improve its operations, commission Chairman Thomas Huang (黃天牧) said yesterday.
The commission on April 23 asked the virtual bank to submit a report on the crash and the lender has submitted it, Huang told a meeting of the legislature’s Finance Committee in Taipei.
“However, we cannot completely accept the report,” Huang said.
Signage for Line Bank Taiwan Ltd is displayed at the company’s headquarters in Taipei yesterday.
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