Thai c bank says local banks ready for Basel II

Bank of Thailand Governor Pridiyathorn Devakula said on Monday 27 October that Thai commercial banks will be ready to adopt the new Basel II regulations on capital adequacy when they come into force end-2006.

Source: Dow Jones

Thai commercial banks will be ready to adopt the new Basel II regulations on capital adequacy that will require more comprehensive risk assessment when they come into force end-2006, Bank of Thailand Governor Pridiyathorn Devakula said Monday.

"As far as the readiness of

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