Bank of Kaohsiung's chairman to be Taiwan's top financial regulator

Bank of Kaohsiung

19/10/2016 03:15

TAIPEI, Oct 19 (Reuters) - Taiwan government said on 
Wednesday it will appoint chairman of Bank of Kaohsiung 
 2836.TW  as the new chief of the Financial Supervisory 
Commission (FSC). 
    The appointment of Lee Ruey-tsang comes after former FSC 
chief Ding Kung-Wha resigned amid growing criticism following 
the $180 million fine levied by New York state on state-run 
financial group Mega Financial Holding Co  2886.TW .  
    New York state's financial watchdog penalised the firm for 
violating anti-money laundering rules, including lax attention 
to risk exposure in Panama.   urn:newsml:reuters.com:*:nL3N1C91H9  urn:newsml:reuters.com:*:nL3N1B0416 
    The cabinet will hold a briefing shortly to announce the 
appointment, cabinet spokesman Hsu Kuo-yung told Reuters.  
     
     
 
 (Reporting by Faith Hung; Editing by Simon Cameron-Moore) 
 ((faith.hung@thomsonreuters.com; 8862 2500 4893; Reuters 
Messaging: faith.hung.thomsonreuters.com@reuters.net)) 
 
Keywords: TAIWAN REGULATOR/