Thai central bank eases collateral rules

THAILAND - Central Bank rules had been eased to allow financial institutions to use internal appraisal for collateral of small-sized debtors, rather than external independent appraisal firms, Bank of Thailand assistant governor Thirachai Phuvanartnaranubala said.

The move is aimed at helping financial institutions cut operating costs, and speed up debt restructuring.

In 1997, the central bank ordered all financial institutions to use external appraisal companies to evaluate their debtors'

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