Financial Integration and Financial Regulation: Financial Holding Companies and Financial Supervision System in Taiwan

Recently, it's an inevitable tendency for financial institutions to develop comprehensively for liberalization of international financial market and high efficiency of fund movement. A series of financial reform has been made in Taiwan since 1990's, and financial groups rapidly integrate after Financial Holding Companies Bill was put into effect in November, 2001, and became pure holding companies. An inquiry into status quo and development of financial holding companies and financial supervision in Taiwan will be a useful reference for the internationalization and globalization of Mainland China financial industry.