Securitization draft law completed in Taiwan

Taiwan''s Central Bank has finally come up with a draft securitization law. Tax concerns still remain, however.

The Central Bank of Taiwan has finally submitted a draft securitization law to the Ministry of Finance MoF. The MoF will look at the proposals over the next fortnight, and if it gives its approval the draft law could be incorporated into the Legislative Yuan as early as September 18.

To help with its decision, the Ministry has invited opinions from the asset backed securities ABS teams of a number of foreign investment banks. It is believed that SG has been chosen in a formal capacity to work with the MoF in a special advisory role.

The draft had been expected at the end of the June, but was pushed back...

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