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Philippine Bourse Expects Less Brokers Amid SEC’s Capital Hike

Source: Bloomberg

Regulation & LegislationBanking & LiquidityMarket Technicals & Flows

Philippines’ stock market operator warns that brokerages may be reduced if the Securities & Exchange Commission implements a plan to raise minimum stock brokerage capitalization requirements. The likely effect is tighter balance-sheet constraints for smaller firms, creating consolidation risk within the brokerage sector.

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