While both Fitch and S&P's are doubtful that the government's determination in banking reform can be sustained without political interference, they stressed that the financial system overhaul is "crucial."
"The passage of a new financial restructuring fund bill in the legislature, for example, may not be that easy, given the current political dynamics in Taiwan," Grela said. "We would tend to view negatively any significant delay, watering down or change in government policy in this regard."
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