Central bank supervisory role to grow in Thailand

THAILAND - Planned legal changes in financial sector supervision will give the Bank of Thailand increased authority over bank subsidiaries and credit card issuers.

The worldwide growth of non-bank financial institutions, covering a range of businesses from securities brokers to mutual and provident funds and insurance companies, has come with a variety of different approaches by regulators.

In Thailand, securities firms and asset management companies are overseen by the Securities and Exchange