Taiwan banks face scrutiny at home and in HK

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By Shruti Chaturvedi
06 Nov 2014

Regulators are stepping up their oversight of Taiwan bank exposure to China, with both Taiwan’s Financial Supervisory Commission (FSC) and the Hong Kong Monetary Authority launching investigations.

The FSC has asked the top 30 Taiwanese banks for detailed information on funds provided to companies whose major shareholdings lie in mainland China, according to sources. At the same time the Hong Kong Monetary Authority is scrutinising the Hong Kong branches of Taiwanese banks lending to China, ...

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