SEC Thailand executives have praised the new National Pension Fund bill but believe further reforms are necessary to boost asset diversification and investment returns.
The long-standing mandatory defined contribution scheme can improve upon existing schemes by introducing new measures, a Securities and Exchange Commission executive said.
Delegates from some of Thailand's biggest institutional investors were among the audience for a major forum in Bangkok.
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.
Thailand signed up to the cross-border scheme this week, AsianInvestor can reveal, but the head of the local securities watchdog says take-up may be slow, at least initially.
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The rising tide of cross-border regulation is making life difficult, argue senior traders at big fund houses, who want to see greater consistency across jurisdictions.
The incoming US person rules are causing some swap dealers, such as prime brokers, to take a 'shoot first, ask questions later' approach, which can be frustrating for buy-side clients, says a lawyer.
Since Thailand's securities watchdog introduced a clampdown on sales promotions used by asset managers to boost fund sales, custodians have had a bigger role to play.