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[clarification needed] 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.

[1] Its main office is located in Banqiao District, New Taipei.

[3] 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.

[4] The reasons for the creation of the FSC as an umbrella independent financial regulator was due to:[5] 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.

Huang Tien-mu , the incumbent Chairperson of Financial Supervisory Commission