Standard & Poor's Ratings Services and its subsidiary
Taiwan Ratings Corp. are pleased to present "Taiwan Financial Services Sector Outlook 2007." This publication brings together our latest thinking on key
developments and expectations of the major financial
services sectors in Taiwan, including banks, insurance,
and securities subsectors.
While we project a stable outlook for most of Taiwan's financial services providers in 2007,
profitability is likely to become a major factor to impact ratings in an evolving operating environment. Our commentaries in this book cover the profitability of banks, life insurers, and securities firms. Our report also
includes recent developments in accounting practices, revealing better alignment between Taiwan accounting standards and International Financial Reporting
Standards, helping to improve comparability and disclosure for investors. We also provide key financial statistics on major companies within each financial
services subsector. These top players collectively account
for about half of their respective markets by measure of
core business.
