The Efficacy of Financial Regulation on Structured Products

• Main Authors: Yi-Wei Chang, 張以威
• Other Authors: Tzu-Kuan Chiu
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/57914805922857437379

碩士 === 國立中央大學 === 財務金融研究所 === 97 === Financial crisis has heavily affected the world’s economy, numerous banks in the U.S. went into bankruptcy, but in the end, the ones that got most damages are those retail investors who invested large amount of their saving in structured products. A crucial role in the recent G-20 conference is to tackle the international financial and economic crisis, and to strengthen investor’s protection. This paper quoted various federal acts, state laws and self-regulation rules to discuss the scope of investor protection, and then observed that regulations are insufficient. Later, we focus on the financial market in Taiwan to discuss information disclosure quality and investor suitability related to structured product, and suggests that banks should provide fair and balanced information, and conduct a due diligence investor’s suitability in order to prevent any fraud, deceive or misleading during the communication process. Last, by the discussion of the efficacy of financial regulation, this paper hope to bring this issue to financial authorities’ attention to improve investors’ protection, and provide a sound financial regulation system in Taiwan.