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研究生： 袁美華
Yuan, Mei Hwa
論文名稱： 從連動債糾紛探討銀行財富管理業務
A review of structured note investment disputes - impact on the bank wealth management business
指導教授： 吳文傑
Wu, Jack
學位類別： 碩士
Master
系所名稱： 商學院 - 國際經營管理英語碩士學位學程(IMBA)
International MBA Program College of Commerce(IMBA)
論文出版年： 2011
畢業學年度： 99
語文別： 英文
論文頁數： 92
中文關鍵詞： 連動債 、銀行 、財富管理
相關次數： 點閱：143  下載：34 
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    • Wealth Management Business had become a popular business sector to the Taiwan Financial Institution in recent year. The Law governing Bank Conducting Wealth Management Business and Operating Guidelines were promulgated by Financial Supervisory Commission in year 2005, since then most of the Bank in Taiwan stepped into the wealth management business categories and commence to provide wealth management services to their customer.

    Through the wealth management services and trust platform channel, foreign Structured Note products were largely introduced by Investment Bank through Banks in local to their wealth management customers or even non-wealth management customers in year 2006. The broke out of the European financial tsunami, primarily the sub-prime issues in the United States, the announcement of the bankruptcy of Leman Brothers aroused the Structured Note Investment disputes in local financial market.

    The disputes in Structured Note Investment had roused high attention of the local regulators as the numbers of customer complaints received by FSC were more than ten thousands in year 2007 and 2008. Bank in Local were forced by public and local governing regulators to settle the disputes with customers. Eventually banks were ban by local regulators to cease foreign structured notes transactions in mid of 2009 and the Bank wealth-management business has slumped since then and impact directly to the performance of the Bank Wealth Management Business.

    The objective of the thesis is to focus on the analysis of the Structured Notes disputes and from the studies of the types of disputes models, we will further conduct a review on regulatory trends on the governing of the relevant business and hopefully, we aim to provide some of the recommendation on the ways that Bank may adopt for its Wealth Management Business for the selling of the investment products, in particularly on the Structured Investment Products in the future.

    1. Introductions 1
    1.1 Background 1
    1.2 Objective and Methodology 2
    1.3 Limitation of the study 3
    1.4 Structure of the thesis 3
    2. Introduction of Wealth Management Business Environment 5
    2.1 Introduction of Wealth Management Business 5
    2.2. Local Governing Laws and Regulations 5
    2.3 Comparison of Local and Foreign Bank 7
    3. Introduction of Structured Note 9
    3.1 Definition 9
    3.2 Local Governing Laws and Regulations 15
    4. Case Studies 17
    4.1 Customer’s Dispute Cases (models) identified by Bankers Association Committee on Leman Brother Structured Note. 17
    4.2 Structured Note litigation Cases with Civil Courts 20
    4.2.1. Taiwan District/High Court Civil Judgment on Structured Note Claims 20
    4.3 Investigation Report of Foreign Governmental Bodies on Financial Institution 39
    4.3.1 MAS Findings on Individual Distributor 39
    4.3.1.1 ABN AMRO Bank N.V Singapore Branch 40
    4.3.1.2 DBS Bank Ltd( DBS) 43
    5. Management of the Wealth Management Business 47
    5.1 Structured Note Dispute Impacts 47
    5.1.1 A review of Customers Protection Scheme Adopted by T Bank 47
    5.1.2. A review of Customer Protection Scheme Adopted by C Bank 52
    5.2 New Laws and Regulations 56
    5.2.1. Regulation Governing Offshore Structured Products 57
    5.2.2 Regulations for Banks Conducting Financial Derivatives Business (“the Regulations”) 59
    5.2.3 Regulations Governing the Scope of Business, Restrictions on Transfer of Beneficiary Rights, Risk Disclosure, Marketing, and Conclusion of Contract by Trust Enterprises (“the Regulation”) 62
    5.2.4 Other Supervisions 64
    5.3 Analysis and Recommendations 65
    5.4 Conclusion 79
    Reference 80

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