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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.

T ai peiThomas huangChiang yungLee chin huiSherri chuangTaiwan people party legislator jang chyi luLine bank taiwan ltdOnline bankBanking bureauTaipei timesFinancial supervisory commissionDemocratic progressive partySignage for line bank taiwan ltdKao shih chingWeb only line bank taiwan ltdChairman thomas huang