Focus Taiwan
Date: 2016/06/21
By: Tsai Yi-chu and Frances Huang
Taipei, June 21 (CNA) The exposure of Taiwan’s financial sector to the European market
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]