Central Bank in Taiwan, With Currency Speculation Concerns, Wants Custodians To Report Foreign Fund Moves

According to various news reports, the central bank of Taiwan has asked custodian banks for foreign funds to regularly report big movements in the wake of a recent surge in the value of the Taiwan dollar.
By None

According to various news reports, the central bank of Taiwan has asked custodian banks for foreign funds to regularly report big movements in the wake of a recent surge in the value of the Taiwan dollar.

Citing anonymous sources in a local newspaper, Reuters is reporting that the central bank is concerned sovereign funds are participating in currency speculation, inflating the dollar, and wants custodians to be ready at a moments notice to provide details of foreign fund flows.

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