A. Membership

       The Bankers Association of the Republic of China (hereinafter referred to as BAROC) was founded on August 9, 1983, as the successor to the Bankers Association of Taipei, which joined with the Bankers Association of Taiwan and the Bankers Association of Kaohsiung to form BAROC in accordance with the regulations of the Commercial Group Act. The merger was approved by the Ministry of the Interior. The Association was located on the eighth floor of No. 46, Guancian Road, Taipei at the time.  In January 1984,the Bankers Association of Taipei transferred the national aspects of its operations to BAROC. The 10 local bankers associations that have joined as BAROC members are the following: TheBankers Association of Taipei; Bankers Association of Taiwan; Bankers Association of New Taipei City;The Bankers Association of Taoyuan; The Bankers Association of Taichung; The Bankers Association of Taichung City; The Bankers Association of Tainan; The Bankers Association of Tainan City; The Bankers Association of Kaohsiung; and The Bankers Association of Kaohsiung City.

B. Aims and Functions

    1. Aims

        (1) To assist the government in implementing financial policies

        (2) To promote economic development

        (3) To coordinate its members' relationship

        (4) To improve its members' mutual benefits

    2. Functions

        (1) To help implement economic and financial policies and commercial decrees

        (2) To study the balance of funds supply and demand among various sectors in line with economic development

        (3) To formulate and compile common rules and regulations relating to various businesses of its members

        (4) To enhance communications, surveys, statistics, consultations, research, development and publications relating to national and international financial businesses

        (5) To protect the legitimate rights of its members and to help settle disputes among them

        (6) To promote the exchange, analysis and reporting of credit information among its members and to establish the credit files of the major clients of its members

        (7) To consolidate the planning of information systems among its members

        (8) To strengthen mutual support, assistance, education and interaction among the employees of its members, to sponsor activities for public benefit, and to help implement service ethics and self-disciplinary measures

        (9) To participate in international financial organizations and meetings

        (10) To enhance communications and collaborations with overseas bankers associations and to promote national diplomacy

        (11) To conduct research and make recommendations in response to requests from the government or private organizations

        (12) To participate in social charitable activities