Taiwan FSC chief vows action on structured bond products

The regulator will soon announce steps to prevent a potential run within a few weeks.

Taiwan's Financial Supervisory Commission is drafting a proposal to address the prevalence of structured products in the hope of staving off another run on the mutual funds industry.

Kong Jaw-sheng, chairman of the FSC, says, We'll have a plan out within a month.

Last year domestic investors dumped NT$300 $8.8 billion worth of bond funds in five days. The liquidity crunch was caused by market inefficiencies that built up over...

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