Trouble in Taipei

Cover story


The meltdown in the US mortgage market, and the subsequent seizing-up of global credit markets and decline in equity markets has hit structured product investors in Taiwan hard. Traditionally comfortable with US dollar-denominated assets, Taiwanese investors have lost money at both the institutional level, through mortgaged-backed securities and collateralised debt obligations (CDOs), and on the retail side, mainly on equity-linked securities, but also through credit, interest rate, currency and

To continue reading...