Taiwan's fin regulator says to revise insurance law

TAIPEI Wed Dec 18, 2013 12:48am EST

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TAIPEI Dec 18 (Reuters) - Taiwan's financial regulator chief said it will amend the insurance law to expedite local insurers to merge or acquire financial institutions overseas.

Financial Supervisory Commission Chairman Tseng Ming-chung disclosed the move in a comment at a forum on Wednesday.

The regulator had said earlier it hoped a merger of Taiwan's state-owned banks would make the new entity become an influential regional bank.

(Reporting by Emily Chan; Writing by Clare Jim; Editing by Shri Navaratnam)

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