Bankers Association of Taiwan 20th Anniversary: Policy Recommendation Adoption Rate Exceeds 50% for Banking and Securities

(Central News Agency reporter Su Ssu-yun, Taipei, 30th) The Bankers Association of Taiwan (Financial Association) today released its 20th-anniversary commemorative publication, showcasing rich achievements. Taking the 2024 Financial Policy Recommendation White Paper as an example, the adoption rate of recommendations for the banking industry reached 53.8%, and for the securities industry, it was even higher at 57.1%. The Financial Services Industry Education Public Welfare Fund has cumulatively disbursed nearly NT$900 million in scholarships and grants, assisting over 17,000 disadvantaged students in completing their studies.

The Bankers Association of Taiwan today officially issued the "Bankers Association of Taiwan 20th Anniversary Commemorative Publication," demonstrating 20 years of development achievements and future blueprints. The Financial Association's member institutions cover all financial industry associations in Taiwan, including banking, trust, bills finance, securities, investment trust and consulting, futures, life insurance, and property insurance. Having gone through 7 chairpersons, it serves as an important communication bridge between Taiwan's financial industry and regulatory authorities.

The Financial Association stated that the special publication comprehensively records the Financial Association's achievements from its establishment on May 25, 2005, to 2025, including policy recommendations from the Financial Policy Recommendation White Paper, public welfare activities and widespread promotion of financial education by the financial industry, the establishment and promotion of the FinTech Innovation Park, FinTech talent cultivation, and the organization of FinTech exhibitions, as well as the establishment and promotion of the FinTech Co-creation Platform, the Financial Industry Net-Zero Promotion Working Platform, and the FinTech Industry Alliance. These efforts leave a valuable record of the development of Taiwan's financial industry, looking forward to the next excellent 20 years.

The Financial Association pointed out that the special publication features forewords from FSC Chairman Peng Jin-long and current Chairman Dong Rui-bin, and covers five major themes, systematically reviewing the Financial Association's achievements over the past 20 years.

Reviewing the evolution of the annual "Financial Policy Recommendation White Paper" since 2011, it presents important proposals and their adoption by regulatory authorities year by year. Between 2019 and 2024, the banking industry submitted a total of 126 policy recommendation proposals, with an overall adoption rate of 42.1%, reaching as high as 53.8% in 2024. The securities industry submitted a total of 109 policy recommendation proposals, with an overall adoption rate of 38.5%, reaching as high as 57.1% in 2024. The insurance industry submitted a total of 19 policy recommendation proposals, with an overall adoption rate of 26.3%, reaching 25.0% in 2024, demonstrating that financial industry recommendations have been concretely transformed into policy momentum.

In terms of social justice and promotion, the Financial Services Industry Education Public Welfare Fund has cumulatively disbursed nearly NT$900 million in scholarships and grants, assisting over 17,000 disadvantaged students in completing their studies, and achieving 100% coverage of financial literacy promotion in townships and districts across Taiwan. The annual "Charity Carnival" has been held 19 times, with over 200,000 participants, raising over NT$30 million in public welfare funds, which were then transferred by co-hosting county and city governments to local social welfare organizations.

In terms of FinTech talent cultivation, over 10,000 students and more than 7,700 financial practitioners have been cumulatively trained in the past five years. Since its launch in 2018, the FinTech Innovation Park has also mentored 196 domestic and international startups. (Editor: Yang Kai-hsiang) 1150430

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