Reported about 1 year ago
FSC's new chairman Peng Chin-lung is aiming for 'action innovation,' implementing eight financial measures to loosen regulations in various financial sectors, as well as unveiling three main policy directions: establishing a regulation adjustment platform led by experts and scholars, accelerating the development plan for financial technology innovation in July, and proposing a plan to create an Asian asset management center in August. The focus is on balancing 'safety' and 'development' in the financial market, with Peng emphasizing the importance of safety as the foundation for progress. The next steps include setting up a regular 'regulation adjustment platform' and expanding the scope of regulatory experiments to promote collaboration between finance and technology industries.
Source: YAHOO