Taiwan Regulator Seeks Urgent Feedback on China Investment Risk
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Taiwan’s financial regulator is asking life insurance companies to urgently report on their current positions and assess risks stemming from growing turmoil in China’s financial markets, according to people familiar with the matter.
The Insurance Bureau, a unit of the Financial Supervisory Commission of Taiwan, has asked life insurers to reply by noon on Tuesday, and offer analysis and potential countermeasures to any impact on their mainland investments, the people said, asking not to be identified as the information is private. The firms were also asked to assess the market impact of the recent downgrade in the US.