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Two local banks failed US financial exams, Koo says


Financial Supervisory Commission Chairman Wellington Koo, left, answers questions from lawmakers on the Finance Committee at the Legislative Yuan in Taipei yesterday.
Photo: CNA

There is no guarantee that Hua Nan Commercial Bank (華南銀行) will be able to avoid being fined by US regulators for the failure of its New York branch to comply with US regulations on money laundering, Financial Supervisory Commission (FSC) Chairman Wellington Koo (顧立雄) said yesterday.

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No consensus on ‘1992 consensus’: Lai


Premier William Lai, left, and Mainland Affairs Council Minister Katharine Chang speak during a question-and-answer session at the legislature in Taipei yesterday.
Photo: Liao Chen-huei, Taipei Times

The issue with the so-called “1992 consensus” is that there is no consensus about whether it exists or what it actually means, Premier William Lai yesterday told legislators yesterday, adding that the nation needs to address the problem.

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Newsflash

President William Lai (賴清德) yesterday lauded the establishment of a research center in Taipei named after late Japanese prime minister Shinzo Abe as an important platform for developing Taiwan-Japan cooperation.

Speaking during the opening ceremony of the research center at National Chengchi University’s (NCCU) College of International Affairs in Taipei, Lai said Abe, the longest-serving prime minister in Japanese history, was not only a great politician, but also a close friend of Taiwan.

Following the Tainan and Hualien earthquakes in 2017 and 2018 respectively, Abe not only expressed condolences to Taiwanese, but also offered help in post-disaster relief and rebuilding, Lai said.