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BoT's Nijathaworn on global markets outlook

In the speech 'Global markets outlook' given on 8 January Bandid Nijathaworn of the Bank of Thailand said beginning this month, Basel II will be launched in the G7 economies.

"For Thailand, this means we will have less than two years to prepare for our own eventual adoption of Basel II, which has been slated for end 2008. At this time, most banks in Thailand have already decided on using the standardized approach for the calculation of minimum capital. And to prepare for Basel II, we will be

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