Thai governor says Basel III needs improvement

Prasarn Trairatvorakul

The new Basel III bank regulator capital rules being put together by the Basel Committee on Banking Supervision are a step in the right direction, but still require fine-tuning, particularly in the area of trade finance and derivatives trading, according to Prasarn Trairatvorakul, governor of the Bank of Thailand.

Trairatvorakul used a speech at the OMFIF Golden Series on World Money on September 12 to stress the importance of trade finance in Asia, saying current Basel III rules may restrict

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