Nobel winner: BOT supervision role should remain

Thailand should continue with its current structure whereby the Bank of Thailand supervises the banking system and not shift the role to the Ministry of Finance, according to 2004 Economic Sciences Nobel Laureate Edward Prescott.

The economics professor said the supervisory role remaining with the central bank was vital to achieve vibrant and healthy economic growth for the country.

"The separation, I think, is bad organisational design. How can the central bank that has the responsibility of s

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