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BLF's new head wants to bolster investment supervision


Taiwan’s new Bureau of Labor Funds (BLF) chief wants to overhaul its investment operations, and plans to ask the island’s financial regulator to set stricter due diligence for its outsourcing, in a bid to improve the pension supervisor’s image after a corruption scandal involving a former senior official.
The BLF’s internal domestic investment team will also have to regularly report on their transactions to the regulator, according to Director General Yu-Ching Su.
She says the BLF has introduced 12 measures to beef up supervision in four areas: investment processes, operation, management control, and anti-corruption.
“From now on, we will have to thoroughly overhaul investment operation,” she says in a statement on March 10, when she officially became the BLF’s head. ....

T Ai Pei , Feng Ching , Yu Ching Su , Yu Nai Wen , Financial Supervisory Commission , Fuh Hwa Securities Trust Co , Bureau Of Labor Funds , Taipei Exchange , Asset Management Corp , Labor Funds , Director General Yu Ching , Feng Ching Tsay , Labour Ministry , Uni President Asset Management Corp , டி ஐ பேய் , ஃபெங் சிங் , யூ சிங் சு , யூ நாய் வென் , நிதி மேற்பார்வை தரகு , பணியகம் ஆஃப் தொழிலாளர் நிதி , தைப்பே பரிமாற்றம் , சொத்து மேலாண்மை கார்ப் , தொழிலாளர் நிதி , இயக்குனர் ஜநரல் யூ சிங் , தொழிலாளர் அமைச்சகம் , யூனி ப்ரெஸிடெஂட் சொத்து மேலாண்மை கார்ப் ,

Taiwan's BLF gets new head | Asia Asset Management


Yu-Ching Su
She replaces Feng-Ching Tsay, who was transferred to the Labour Ministry as a counsellor last month after a bribery scandal at the BLF involving a senior official.
The appointment was first reported by local news media and was confirmed by a BLF spokesperson, who tells
Asia Asset Management that it is effective March 10.
Su was managing director and CEO of the over-the-counter Taipei Exchange between 2017 and 2018. Prior to that, she held various positions at the Financial Supervisory Commission.
She is now an independent director in Taiwanese biopharmaceutical firm PharmEngine Inc.
Lin San-quei, Taiwan’s vice-labour minister, has been heading the BLF in an interim capacity since Tsay’s transfer in February in the wake of the bribery scandal involving BLF’s former domestic division head Yu Nai-wen. ....

T Ai Pei , Feng Ching , Yu Ching Su , Lin San Quei , Yu Nai Wen , Pharmengine Inc , Financial Supervisory Commission , Fuh Hwa Securities Trust Co , Labour Ministry , Bureau Of Labor Funds , Taipei Exchange , Asset Management Corp , Labor Funds , Feng Ching Tsay , Asia Asset Management , Financial Supervisory , Uni President Asset Management Corp , டி ஐ பேய் , ஃபெங் சிங் , யூ சிங் சு , யூ நாய் வென் , நிதி மேற்பார்வை தரகு , தொழிலாளர் அமைச்சகம் , பணியகம் ஆஃப் தொழிலாளர் நிதி , தைப்பே பரிமாற்றம் , சொத்து மேலாண்மை கார்ப் ,