Page 57 - NO.113銀行家雜誌

Latest Developments of the U.S. Financial
Regulations for Foreign Banking Operations
Chairman's Opening Remarks
Mr. Joseph Jye-Cherng Lyu, Chairman,

Bankers Association of the Republic of China
Distinguished guests, Ladies and Gentlemen,
Good morning!
On behalf of Taiwan Bankers Association, it is
my great honor to welcome you all to the conference
on the "Latest Developments of the U.S. Financial
Regulations for Foreign Banking Operations". This
銀行公會理事長呂桔誠以英文演說，希望能更充分地和與會者交流。
（圖╱台灣金融研訓院）
event sponsored by the Association is arranged by
the Taiwan Academy of Banking & Finance under terrorist financing, cyber security, data infringement

the guidance of Taiwan Financial Supervisory incidents amongst others. Any failure in these
Commission(FSC). areas can damage a bank's reputation heavily, thus
rd
This is the 3 time that we hold such conference undermining the whole industry in general. Bankers
here in New York. Over the past 2 years, we have today need to be well versed with the host country’s
received positive response from Taiwanese banks with legislation, understand its regulatory philosophy, and
presence in the U. S. , I'd like to thank you, especially for keep abreast of the supervisory trends.
even more active participation this year, 125 managers Taiwan Bankers Association has developed a

and compliance officers of the U. S. branches and senior Collective Self-Discipline Mechanism amongst our
management including 8 chairpersons and CEOs from the member banks, to substantiate our joint commitment
headquarters are here today. I am especially thankful to to compliance, internal audit and control systems
Mr. C*, Ms. W*, and Ms. Chuang of FSC for giving your especially at our overseas operations. The Association
blessings here in person. has held a series of conferences in New York, Hong
Taiwanese banks have actively expanded their Kong, and London since early 2017. These gatherings
operations globally over the past 20 years. As Taiwan have improved the competence of compliance, internal
financial sector engages more globally, we bankers audit and control personnel, and further bridged up
ought to ensure sound banking practice and abide Taiwanese banks and the supervisory authorities of the

by financial disciplines fully, thus contributing to host countries.
the financial stability of the host countries. Today, These dialogues helped Taiwanese bankers
the banking sector faces increasing challenges. In understand the U. S. compliance requirements in a
addition to the conventional risks, such as credit or profound way, thus behaving themselves as Good
market risks, we must deal with the money laundering, Citizens here in the States. Deep in the bottom of my

＊ Names disquised
台灣銀行家2019.5月號 57

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