The three proposed passport schemes won't remain separate for long, says regional head of business development Chris Taylor. A survey finds fragmented markets managers' top worry.
An Asean version featuring Malaysia, Singapore and Thailand has been put forward. That is the third Asian passport scheme in eight months as sources see regional rivalry intensify.
The Monetary Authority of Singapore has taken up the gauntlet and is seeking opinions about mutual recognition of funds among Asean countries.
Indonesia, Malaysia, Singapore and Thailand are working on harmonising regulations for an 'Asean Ucits' scheme, initially for ETFs, says Pravej Ongartsittigul of Thailand’s SEC.