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Maintaining controls on fund flows endorsed.
Byline: Nuntawun Polkuamdee
Aug. 1--Local asset managers say they are prepared for full market liberalisation, but that the central bank should maintain controls on fund flows to reduce risks for the economy.
US trade negotiators are pushing for authorities to open up the financial sector, including the asset management industry, as part of the Thailand-US free trade area talks.
Adisorn Sermchaiwong, president of the Association of Investment Management Companies, noted that the Securities and Exchange Commission already maintained a policy to increase the number of outstanding fund management licences to help expand the investor base.
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Source: HighBeam Research, Maintaining controls on fund flows endorsed.