Thailand plan may cut central bank powers

According to a report published Friday 14 January, Thailand's finance ministry is planning an overhaul of the financial regulatory system, which would restrict the power of the Bank of Thailand by creating a new independent agency to supervise banks and other financial institutions.

"We have seen this as a worldwide trend and we are convinced that this structure is the way to go," Chodechai Suwanaporn, director of the ministry's financial systems section, told the Financial Times. "It will bri

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