Financial Services

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Thailand’s insurance sector looks set to shake off any lingering concerns following the recent period of political instability. A number of insurers recently reported strong growth in premiums and earnings for the first six months of 2010, a trend that is expected to continue into 2011.
Regulations enforcing higher capital standards in the UAE’s overcrowded insurance market have reduced the amount of insurance brokers, while slower growth in commercial business means the sector is looking to opportunities in the retail segment.
The Bahamas is in the process of overhauling key legislation regarding the operations of its central bank and companies in the financial industry, aiming to increase efficiency in the banking sector and meet international standards of governance and transparency.
Thailand’s banking sector appears to have seen off the worst effects of the global recession and, far closer to home, long-running social unrest and seems to be gaining momentum as the country’s economy begins to gather pace.
Malaysia's government has sought to play down concerns that opening up the country's finance industry to greater foreign participation will squeeze local lenders, with senior ministers instead talking up the benefits of a more competitive banking environment and greater opportunities on offer in an expanding economy.
Brunei Darussalam is getting a new monetary authority, a move that will cheer both the business and banking communities, which have long awaited such a development.

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