Taiwan’s Financial Supervisory Commission (FSC) is reviewing its regulations following criticism from local banks and insurers over inconsistent governance and outdated practices, according to sources. In response, the FSC plans to standardise on-site inspections and amend rules to address inefficiencies raised by financial institutions, particularly life insurers, who cite delays and contradictory enforcement. The review comes as Taiwan aims to enhance its financial market's competitiveness amid growing interest from foreign asset managers. The FSC has established a task force to improve communication with the industry and is exploring new products and market reforms to attract more investment, including the issuance of exchange-traded funds and expanding futures trading.