FSC outlines exposure of financial firms

The exposure of Taiwanese banks, insurers and securities firms to the Ukrainian and Russian markets totaled more than NT$217 billion (US$7.74 billion) as of the end of last month, the Financial Supervisory Commission (FSC) said yesterday.
The exposure of the three industries in the two nations fell about NT$10 billion from a month earlier to NT$217.91 billion, the FSC said a day after Moscow invaded Ukraine on Thursday.
The month-on-month decline in exposure was largely due to Taiwanese life insurance companies, which cut portfolio holdings after assessing the risks, while market fluctuations affected the value of their investments, the FSC said.
The exposure

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