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Thai central bank leads funds industry shake-up

Bernadette Tio
The secretary-general of Thailand's Securities & Exchange Commission, Rapee Sucharitakul, says more competition and a wider variety of investment products are the way forward.
Thai central bank leads funds industry shake-up

Thailand’s central bank will liberalise its currency repatriation rules tomorrow (July 20) to encourage individual investors to remit up to $5 million annually offshore, in the latest in a series of measures by local regulators to break the hold of local banks and their asset management subsidiaries on the local funds market.

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