The financial crisis that triggered the Great Recession continues to leave behind analyzes and remedies. One of the most heartfelt concerns the protection of savers in the face of offers and purchases of opaque and complicated financial products. Often there are internal appeal mechanisms within the financial industry, with ombudsmen or other arbitration and protection bodies. But just as often these appeals suffer from both limitations and slowness in execution. A law has just been approved in Taiwan which is awaiting signature by President Ma Ying-jeou: the law creates a new institution for the protection of savers and, of course, only covers private individuals (it is assumed that institutional investors have sufficient experience to separate the wheat from the chaff). The financing will be partly paid by the state and partly through private donations. The crucial point is that arbitration verdicts are not appealable and have the same enforceable force as decisions reached by the court in a civil case.
http://www.chinapost.com.tw/taiwan-business/2011/06/04/304930/Financial-protection.htm
