Thailand: Asset managers indicate readiness for market liberalisation.

(From Thai Press Reports)

Section: Business News - 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, the Bangkok Post reports.

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 …