By: Tsai Yi-chu and Frances Huang
The estimate was reached after industry sources took into account data recently released by the Financial Supervisory Commission (FSC) showing that as of mid-2015, exposure of the local financial sector had reached NT$2.77 trillion.
The local financial market has become wary of a referendum scheduled by the United Kingdom for June 23 to decide whether it should leave the European Union.
The local financial market is alert to the possible risks arising from a vote result pointing to a U.K. departure from the EU, which could send ripples through global markets and push down the value of the British pound. [FULL STORY]