MAS Imposes Additional Capital Requirement for Digital Banking Disruption – OpenGov Asia


The Executive Yuan Organization Reform Law was pass by the Legislative Yuan, and the Ministry of Science and Technology officially launched an organizational adjustment, transforming it into a “National Science and Technology Commission”. Its organizational positioning is similar to that of the National Development Commission.

The policy coordinates Taiwan’s digital development and industrial innovation, and cooperates with the Ministry of Digital Development, Ministry of Economic Affairs, Ministry of Health and Welfare, Agricultural Commission and Ministry of Culture, etc. ., to lead Taiwan’s software and hardware. integration and innovation in the form of interministerial associations and interprofessional-university-research institutes.

The energy of science and technology development is not only an indicator of the country’s current and future competitiveness, but also the key to meeting domestic and foreign social challenges and national security. For example, climate change, disaster prevention and rescue, medical biotechnology, and scientific research talent policies are all important issues that our country must actively face and solve for its survival and development.

– Minister Wu Zhengzhong, MOST

Resources improve the implementation and management of science and technology policies, and the responsibility of accumulating technology and talents, we hope to partner with various government departments and associations and all sectors of industry, academia and research to enhance and lead the country’s scientific and technological future. development.

After the transformation of the National Science and Technology Commission (hereinafter referred to as the new National Science and Technology Commission). Unlike the old National Science Association which focused on upstream energy construction, the new National Science Association links technology development and industrial application from upstream, midstream and downstream.

The establishment of the “National Science and Technology Committee” will be more conducive to deepening basic research and connecting upstream, middle and downstream technology development and industrial applications, leading various ministries to conduct forward-looking research on science and technology, with emphasis on supporting my country’s strategic organization, promoting social innovation and cooperation Developing policies to foster culture, recruitment and retaining talent, and working together to develop the ecosystem of scientific research and industrial innovation.

Unlike the limitations of the Ministry of Science and Technology in terms of communication and coordination, the new National Association of Science and Technology, at the top of the Executive Yuan, fully exercises the coordination function of inter-regional and inter-ministerial associations and concentrates the powers and responsibilities of science and technology development affairs.

In order to strengthen the communication and connection between the upper, middle and lower levels of the inter-ministerial and cross-cutting committees, and comprehensively plan the strategy for the development of science and technology, the “National Commission for Science and technology” will introduce a regional participation mechanism, bringing together heads of agencies and scholars in various fields, experts, to create an organization that goes beyond the position of ministries and committees.

The commission has clear functions and responsibilities for interdepartmental communication and coordination, elevates science and technology policy decision-making to the level of the Executive Yuan, strengthens the ability to integrate scientific research and development and China’s technology, and maintains and improves international competitive strength.

The new National Science Council will effectively help the Executive Yuan to grasp the science and technology resources of all ministries, properly allocate science and technology funds, and maximize the efficiency of their use. The “National Science and Technology Commission” will increase its responsibilities for planning, coordination, review, resource allocation and management evaluation for the country’s overall scientific development, technological research and the app.


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