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2882 — Cathay Financial Holding News Story

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Brief: Taiwan Says Effects of Rising Taiwan Dollar on Insurers Under Control

May 27 (Reuters) - The Financial Supervisory Commission, Taiwan's top financial regulator, told reporters on Tuesday:

IMPACT ON TAIWAN INSURERS OF RECENT SHARP TAIWAN DOLLAR APPRECIATION AGAINST U.S. DOLLAR IS UNDER CONTROL

WILL TAKE NECESSARY MEASURES IF CURRENCY IMPACT ON INSURERS AFFECTS FINANCIAL MARKET STABILITY

WILL LOOSEN ASSET REQUIREMENTS FOR LIFE INSURERS TO APPLY FOR ENGAGING IN WEALTH MANAGEMENT BUSINESS

Source text: [ID:]

 (Reporting by Faith Hung)

 ((faith.hung@thomsonreuters.com;))

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