TAIPEI : The Taiwanese financial sector's exposure to Credit Suisse is low and"controllable", the island's financial regulator said on Thursday.
Taiwanese insurers - large investors on global bond markets - have the highest exposure at T$108.2 billion , the regulator said, which is only around 0.35 per cent of their total overseas assets.Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.
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