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FSC Chair Peng Jin-long Outlines 'Three Safeties' Vision; Addresses M&A Speculation
Finance · Major Banks · cnyes · 2026-08-27
FSC Chairman Peng Jin-long unveiled a vision for financial stability and consumer protection while clarifying the regulator's stance on potential bank M&A.
What Happened
Vision for Stability: Financial Supervisory Commission (FSC) Chairman Peng Jin-long introduced a 'Three Safeties' vision—safety, security, and peace of mind—aimed at fostering a stable financial market. The commission plans to prioritize consumer protection, anti-fraud measures, and sustainable finance to build public trust.
Strategic Priorities: The FSC has outlined five key initiatives for the future, including establishing an Asian asset management center, building a world-class capital market, refining virtual asset regulations, and encouraging continuous financial innovation to adapt to global changes.
M&A Stance: Regarding market speculation about a potential merger between Chang Hwa Bank and Bills Finance Corp, the Banking Bureau stated that no formal applications have been received. The regulator emphasized that it treats all shareholders and cases equally, adhering strictly to legal frameworks and transparency requirements.
Regulatory Principles: The FSC reiterated that financial institutions should drive their own development strategies based on market mechanisms. The regulator's primary role is to maintain a fair, reasonable, and open legal environment, and it will not comment on private discussions with industry participants.