#Latest news with #foreignHoldingsBloomberg2 days agoBusinessBloombergTaiwan Eases Rules to Help Insurers Cope With Currency SurgeTaiwan regulators have moved to help the island's insurers deal with the impact of a recent surge in the local currency, which had left them with massive paper losses on their foreign holdings. Insurers will be allowed to use six-month average exchange rates when they calculate risk-based capital in their semi-annual reports, the Financial Supervisory Commission said in a statement. At present, insurers use the exchange rates of the final day of the reporting period.
Bloomberg2 days agoBusinessBloombergTaiwan Eases Rules to Help Insurers Cope With Currency SurgeTaiwan regulators have moved to help the island's insurers deal with the impact of a recent surge in the local currency, which had left them with massive paper losses on their foreign holdings. Insurers will be allowed to use six-month average exchange rates when they calculate risk-based capital in their semi-annual reports, the Financial Supervisory Commission said in a statement. At present, insurers use the exchange rates of the final day of the reporting period.
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