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Amendments to Thai banking regulations expected to spur liquidity in financial industry
Recent changes to banking and financial acts will provide a secure and more flexible business environment for Thailand’s corporate and banking segments.

Jan 10, 2013 | Lalitha Sivanesan

The Thai cabinet recently approved changes to two major regulations governing the country’s financial industry – the Bank of Thailand Act and the Financial Institutions Act. The amendments pertain to providing bailout funds in lending to ailing banks and a significant relaxing of lending rules for related parties. The first amendment allows the Financial Institutions Development Fund (FIDF), an independent unit under the Bank of Thailand (BOT), to provide loans (with or without collateral) to ailing banks based on conditions under guidelines approved by the cabinet; purchasing equities…

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Categories: Regulation, Risk and Regulation, Thailand
Keywords: Bank of Thailand, Bank of Thailand Act, Financial Institutions Act, Liquidity, Financial Institutions Development Fund, Deposit Protection Agency
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