SET paves way for brokers in banks.

(From The Nation (Thailand))

Byline: The Nation.

The Stock Exchange of Thailand (SET) is revising its regulations to encourage stockbrokers to open new branches within branches of commercial banks.

The regulations under revision include operating hours and expanding the scope of branch managers' duties to cover several branches rather than just one, SET senior vice president Kengkla Ruckphaopunt said yesterday.

The process will be completed in the second quarter.

He said there is vast room for brokers to set up branches in commercial banks, given that there were 5,000 commercial bank branches around the Kingdom. Establishment of …