INSTITUTION
PERIOD
BACKGROUND,RESPONSEMEASURESAND
RESULTS
•
TheMinistry of Finance terminated the CDIC’s
superintendence task after the bank’s new
members of board of directors and supervisors
wereelected successfully.
5 Donggang
TownshipCredit
Cooperativeof
PingtungCounty
1999.07.06~1999.09.15
Superintendence
1999.09.15~1999.09.16
Conservatorship
•
The CDIC conducted general examination
of the institution and found out falsified daily
entries and forged statements. In addition,
adjustednetworthwasnegative.TheMinistryof
Finance appointed the CDIC to station on-site
superintendenceand later for conservatorship.
•
Assumed by the Bank of Taiwan on September
16, 1999.
6 ChungHsingBank 2000.04.28~2001.10.24
Superintendence
2001.10.25~2005.03.19
Conservatorship
(2002.10.05~2003.08.03
Conservatorshipby the
LandBank, 2003.08.04
Conservatorshipby
theCDICagainand
entrusted theLandBank
tomanage itsbusinesses
andproperty)
2012.07.10
Liquidation
•
According to themedia, illegal loan was made
to Typhone Group. Abnormal withdrawals
by depositors occurred on April 27, 2000.
The Ministry of Finance appointed the CDIC
to station on-site superintendence and later
for conservatorship to stabilize its business
operationandmaintain the financial order.
•
Assumedby theUnionBankof TaiwanonMarch
19, 2005
•
The FSC instructed that conservatorship be
terminated frommidnight on July10, 2012, and
that the receivership be simultaneously started.
TheCDICwas designated as receiver tohandle
follow-up receivershipaffairs according to law.
7 Taiwan
Development and
TrustCorporation
(TDTC)
2000.05.12~2001.05.13
Superintendence
•
Bank run occurred inMay 2000. TheMinistry of
Finance appointed the CDIC to station on-site
superintendence and to assume authorities of
theboardmembers.
•
In February 2001 The Ministry of Finance
released the CDIC the superintendence task,
after the TDTC reconstructed its board of
directors.
78
Central Deposit Insurance Corporation 30Years inRetrospect
