• Source: Financial Supervisory Commission (Taiwan)

The Financial Supervisory Commission (FSC; Chinese: 金融監督管理委員會; pinyin: Jīnróng Jiāndū Guǎnlǐ Wěiyuánhuì; Pe̍h-ōe-jī: Kim-iông Kàm-tok Kóan-lí Úi-oân-hōe, abbreviated to 金管會) is an independent government agency subordinate to the Executive Yuan of the Republic of China (Taiwan). It is responsible for regulating securities markets (including the Taiwan Stock Exchange and the Taiwan Futures Exchange), banking, and the insurance sector.
Its main office is located in Banqiao District, New Taipei.




History


It was created on 1 July 2004 to unify several previously separate regulatory authorities which separately supervised different sectors of the finance industry. Prior to the actual creation of the commission, several alternative structures for regulatory agency reform had been proposed, including a purely non-governmental commission, as well as the establishment of both a governmental regulatory agency and non-governmental supervisory commission; the choice of a purely governmental commission was finalized in 2003 by the Legislative Yuan.
The reasons for the creation of the FSC as an umbrella independent financial regulator was due to:

Financial convergence and cross-market business - market has evolved and became more complex to manage
Single financial regulator - one stop shop for regulating all securities and investments.
Independent Authority at Cabinet Level - experts in their field without political interference
Stronger Law Enforcement - cross referencing cases and building stronger case for misconduct
The commission has faced frequent changes in leadership in its short history, due to scandals and crises which began when its first chairperson was removed from his position due to corruption.




Structure






= Bureaus

=
Banking Bureau
Financial Examination Bureau
Insurance Bureau
Securities and Futures Bureau




= Departments

=
Department of Planning
Department of International Affairs
Department of Legal Affairs
Department of Information Management
Other support units




List of chairpersons



Political Party:
Democratic Progressive Party
Kuomintang
Non-partisan/ unknown




Overseas representative offices


United Kingdom - London
United States - New York City




See also


Economy of Taiwan
Regulatory agency
Securities Commission
Statutory authority
List of financial regulatory authorities by jurisdiction




Notes






References






External links



Financial Supervisory Commission on Facebook

Kata Kunci Pencarian:

• Komisi Pengawas Keuangan (Taiwan)
• Dana investasi lahan yasan
• Financial Supervisory Commission (Taiwan)
• Financial Supervisory Commission
• List of financial regulatory authorities by jurisdiction
• FSC
• Taiwan Stock Exchange
• National Supervisory Commission
• Taiwan Academy of Banking and Finance
• Wellington Koo (politician, born 1958)
• IPASS (Taiwan)
• Banking Bureau