Regulatory Alerts2006-03-21
Added · Updated
Directions for Auditing Liquid Reserves of Financial Institutions
The Central Bank of the Republic of China (Taiwan) prescribes liquid reserve requirements for financial institutions, including banks, credit departments of farmers' and fishermen's associations, and credit cooperatives. These institutions must maintain a minimum liquidity ratio against New Taiwan dollar-denominated liabilities, calculated monthly by the head office, using qualified assets such as excess reserves, treasury bills, and specific bonds. Financial institutions must self-adjust their daily average liquid reserves and submit monthly reports to the Bank or mandated banks by the 15th of the following month. The Bank audits these reports and may require adjustments or conduct on-site examinations for violations or serious falsification.
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