| 英文摘要 |
The RMB-linked Target Redemption Forward (TRF), a commonlyused hedging instrument to minimize RMB exchange rate risk since 2014, had resulted in a crisis in the financial circle, including the huge loss of the investor, the pressure coming from the law enforcement agency and supervisory agency and the fine and dispute involving domestic financial institutions marketing the product due to the depreciation of the RMB. Although the Financial Consumer Protection Act and relevant financial supervisory regulations have been implemented for many years, this crisis still caused huge turmoil in Taiwan. This paper reviews the controversial RMB-linked TRF crisis and explains the obligation of the bank in marketing financial derivative products so as to explore the role and obligation of the financial institution in Taiwan in marketing these products. Finally, the paper examines the current administrative regulation and the policy for financial consumer protection with the hope that the financial market in Taiwan, after this crisis, can develop a suitable financial consumer protection policy for Taiwan. |
