Two senior executives from major local banks in Malaysia and Thailand discussed how the regulatory shift in the past year has brought opportunities to the markets in a fireside chat at the SRP APAC Conference 2023 held in Singapore in May.
Thailand has seen major regulatory updates from the Bank of Thailand and the Securities and Exchange Commission (SEC) in relation to the issuance of structured notes in the country, according to Tortrakun Satayaprasert (pictured) , senior vice president, product solutions and markets innovation at Krungthai Bank. Specifically, the central bank has adopted a principal-based governance for derivatives-embedded products, instead of a rule-based approach. In other words, the governance of 'what is