Business Services Industry

TAIWAN'S NEW FINANCIAL HOLDING COS HERALD BIG CHANGES: MOODY'S.

AsiaPulse News, February, 2003

HONG KONG, Feb 20 Asia Pulse - The recent establishment of financial holding companies in Taiwan provides an opportunity for some institutions to shake up the financial sector's status quo and may also become a major catalyst for ratings changes, Moody's Investors Service Inc. said in a report released Wednesday.

Moody's said in the report on its rating methodology for Taiwan financial holding companies and their outlook that it expects successful financial holding companies to exhibit the characteristics of strong strategic focus, expertise in their chosen lines of business, integrated management and operational cultures, as well as strong risk management practices.

It has been just over a year since Taiwan banks, securities houses and insurance companies...

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