Taiwan, Feb. 25 (CNA) Taiwanese banks', insurers', and securities firms' exposure in the Ukrainian and Russian markets totaled more than NT$217 billion (US$7.75 billion) as of the end of January, according to the Financial Supervisory Commission (FSC).
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
Taipei, Feb. 12 (CNA) Global index provider MSCI Inc.'s decision to lower Taiwan's weighting in its indexes is not likely to have any significant impact on the local equity market, as the resulting foreign fund outflow is estimated to reach no more than US$56 million, according to the Financial Supervisory Commission (FSC).
Providers of automated teller machines (ATMs) that allow people to purchase cryptocurrencies with cash have to comply with anti-money laundering (AML) regulations and conduct know-your-customer (KYC) practices, or face a penalty, the Financial Supervisory Commission (FSC) said yesterday.
The FSC made the remarks following a nearly month-long investigation after Chinese Nationalist Party (KMT) Legislator Lai Shyh-bao (賴士葆) on Dec. 23 raised questions about the machines’ operations during a meeting of the legislature’s Finance Committee.
The commission found that there are at least 24 bitcoin ATMs in Taiwan, which are operated by different companies for different purposes, Banking Bureau Chief Secretary Phil Tong
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