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Thai Bankers Relish Brokerage Role.

Bangkok Post (Bangkok, Thailand)

| January 08, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Darana Chudasri

Jan. 8--Allowing commercial banks to offer full underwriting and securities brokerage services would help strengthen the overall financial system, bank executives say.

But analysts caution that banks would have to clearly educate depositors about the potential risks in investing in debt or equity instruments.

Finance Minister Somkid Jatusripitak said over the weekend that commercial banks should be allowed to offer brokerage and underwriting services in the future.

Expanding opportunities for banks would significantly help efforts to broaden the country's investor base, he said, given the banks large branch ...

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Source: HighBeam Research, Thai Bankers Relish Brokerage Role.

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