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Thai Banks May Get Stock Brokerage Licences.
Byline: Nuntawan Polkwamdee
Jan. 7--Local banks may be allowed to offer securities brokerage and underwriting services as part of a plan aimed at doubling the country's investor base by the end of the year.
Finance Minister Somkid Jatusripitak said banks, with their large national branch networks, would be able to tap into huge numbers of potential investors if they were allowed to offer securities services.
The proposal, drafted over the weekend at a workshop on capital market development, would potentially allow banks to offer sub-broker or full underwriting services in addition to their current limited role as arrangers.
Authorities ...
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