Monday, July 2, 2007

Taiwan's Monetary Authorities Urge Island's Banks to Accept Time Deposits

(Bloomberg) -- Taiwan's monetary authorities
reiterated they urged banks ``not to reject time deposits'' in a
meeting with executives of five major lenders.

The gathering yesterday was aimed at learning ``more about
the current financial conditions,'' the Central Bank of the
Republic of China (Taiwan) said in a statement issued late
yesterday on its Web site. Central bank governor Perng Fai-nan,
Financial Supervisory Commission Chairman Hu Sheng-cheng and
Finance Minister Ho Chih-chin joined the meeting yesterday, the
statement said.


Read more at Bloomberg Emerging Markets News

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