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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Taiwan new regulator to stay course on AIG deal Reuters - Tuesday, May 18 Send IM Story Print TAIPEI, May 17 - Taiwan's new top financial regulator said on Monday he would follow the same procedures as his predecessor over AIG's <AIG.N> stalled $2.2 billion sale of its Nan Shan unit. In his first media conference after being sworn in on Monday, Financial Supervisory Commission Chairman Chen Yu-chang declined further comment, noting only that the Nan Shan deal had "grabbed a lot of attention in Taiwan." No change had been expected in FSC policy after Chen's appointment, which came following the elevation of his predecessor, Sean Chen, to the post of vice-premier. American International Group has been unable to seal the deal it agreed in October, amid concern in Taiwan that the buyers, battery maker China Strategic <0235.HK> and Hong Kong-based investment fund Primus Financial, have received backing from China and do not have a background in running an insurance business. The FSC was still trying to complete a review of the sale by an deadline this month, even if the buyers have not offered requested documents, a source said earlier in May. [ID:nTOE649095] Recommend Send IM Story Print Related Articles GLOBAL MARKETS-U.S. stocks dn on earnings outlook Reuters - 25 minutes ago US-BUSINESS Summary Reuters - 26 minutes ago Lowe's dampens hopes for U.S. recovery in 2010 Reuters - 26 minutes ago India's GAIL sees $1.8 bln capex in FY11 Reuters - 36 minutes ago EU set to fine Samsung Elec, Hynix, others-sources Reuters - 37 minutes ago News Search Top Stories Greece PM says 'not begging' ahead of EU loan Euro, shares and oil caught in debt storm worries GM returns to profit in 2010 first quarter Astronauts begin first space walk from Atlantis Prudential eyes record takeover of Asian insurer More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Boy survivor of Libya air crash 'stable but confused' Portugal takes more austerity measures Asia steps into Cannes spotlight Pope rallies priests as crowds flock to Fatima Euro hits four-year dollar low, stocks mixed More Most Viewed » Scientists stunned as grey whale sighted off Israel Lack of sleep linked to early death: study UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Freddie Mac asks for fresh 10.6 billion dollar bailout More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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