Role of Taiwan's financial regulators to change

TAIWAN - Amid all the recent talk of possible consolidation in Taiwan's financial sector, relatively little attention has focused on what could prove the most important merger of all: that of the island's regulators.

The legislature is expected this week to pass a law combining the regulatory functions of the finance ministry's banking and insurance arms, the central bank, the Securities and Futures Commission and the Central Deposit Insurance Corp into one independent supervisory body.

The new

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