Bank of Thailand (BoT)
A second deputy governor of BOT to resign
THAILAND - The Bank of Thailand (BOT) has suffered a major blow following the resignations of two deputy governors who were accused and later cleared of charges of being involved in a 1.7 billion baht ($71.4 million) fraud committed by the defunct firm,…
Names of two new Thai Deputy Governors chosen
THAILAND - Sources close to CentralBankNet at the Bank of Thailand have told us that the two replacement Deputy Governors at the Bank of Thailand were decided at a meeting on Monday. No press statement or news story has been released and we cannot…
Thai dep governor Kitti to leave at end of month
THAILAND - The Bank of Thailand said Monday that Deputy Governor Kitti Patpong-pibul had submitted a resignation letter to the Finance Ministry and will leave the central bank at the end of the month.
Rerngchai pleads innocence over baht defence
THAILAND - An extract of the unofficial translation of an open letter from former Bank of Thailand governor Rerngchai Marakanond in reply to the bank's charge against him of gross negligence for the failed baht defence.
BOT suing Rerngchai for losses
THAILAND - The Bank of Thailand plans to sue former central-bank governor Rerngchai Marakanond for damages involving the failed defence of the baht that resulted in massive losses, the central-bank's chief said yesterday, Monday.
Thai central bank eases collateral rules
THAILAND - Central Bank rules had been eased to allow financial institutions to use internal appraisal for collateral of small-sized debtors, rather than external independent appraisal firms, Bank of Thailand assistant governor Thirachai…
Thai Rerngchai - sinner or scapegoat?
ARTICLE - Rerngchai Marakanond, a former Bank of Thailand governor, is about to pay a dear price for his central role in the futile baht defence in 1997. Is he a scapegoat?
Thai c bank reshuffle: Six assistant gov's rotated
THAILAND - Pridiyathorn leaves only three assistant heads unchanged in his major reorganisation of top-level executives.
Thai central bank set to streamline four units
THAILAND - The Bank of Thailand is restructuring its four organisational units: the financial institutions policy group, monetary policy group, fund operations (Financial Institutions Development Fund) and the office of the governor.
Speech by M R P Devakula, Bank of Thailand, 26 Sep
SPEECH - An address by M.R. Pridiyathorn Devakula, Governor, Bank of Thailand at the Seminar on "Where Does Thailand Stand Now?", Bangkok Post - Reed Tradex Economic Forum, Bangkok, 26 September 2001.
Thai MPC to evaluate c bank market actions
THAILAND - Thai central bank Deputy Governor Pakorn Malakul Na Ayudhya said 21 August that when the Monetary Policy Committee meets Aug. 29, it will look into risk management and standards for Bank of Thailand's activity in the foreign exchange, bond and…
BOT chief says no whitewash
THAILAND - Bank of Thailand Governor MR Pridiyathorn Devakula yesterday, 15 August, denied there would be a "whitewash" of legal cases against former executives of banks and 56 defunct finance companies widely accused of impropriety.
Monetary policy in Thailand, Pridiyathorn Devakula
SPEECH - Pridiyathorn Devakula, The Governor of the Bank of Thailand, gave a speech at the APFA 2001 Conference, Bangkok, 24 July. The speech was titled Monetary Policy in Thailand: Current Challenges and Prospects.
Bank's legal might cited as grounds for appeal
UK - The fact that orders by the Bank of Thailand to financial institutions carry the equivalent weight of the law could serve as the basis for an appeal by the government in the Pin Chakkaphak extradition case.
Thai c bank delays new forex reporting rules
THAILAND - The Bank of Thailand won't issue the details of its revised foreign exchange reporting requirements until some time in August, a bank official said 30 July.
Thai c.bank to finalise new forex rules this week
THAILAND - A senior Bank of Thailand (BOT) official said on 24 July changes to forex trade reporting rules for foreigners would go to the governor for approval this week.
Thai's signal looser bank regulation
THAILAND - The FT, London on 5 July reports that Pridiyathorn Devakula, Thailand's new central bank governor, has appeared to signal a shift in attitude towards regulating the country's fragile commercial banks, saying banks should start lending again…
Thai central bank calls meeting on forex rules
THAILAND - The Bank of Thailand (BOT) said on 21 June it would hold a meeting on Monday (25 June) with the Thai Bankers Association to seek members' views on streamlining reporting rules for non-residents trading the Thai baht.
New Thai bank governor plans radical changes
THAILAND - Pridiyathorn Devakula, the new governor of the Bank of Thailand, who formally took charge of the bank on 5 June, plans radical changes to monetary policy in Thailand.
Thai Baht crisis - 'Losses were typing error'
THAILAND - A committee set up to investigate the 1997 defence of the baht by the Bank of Thailand has amended its report which could potentially clear central bank officials of actions leading to the loss of tens of billions of baht.
Thai PM says central bank is free to set rates
THAILAND - Thai Prime Minister Thaksin Shinawatra said on 25 May that the Bank of Thailand (BOT) had the freedom to set the country's interest rate policy and his government's views only reflected its concern on the issue.
Roles of Thai central bank likely to be separated
THAILAND - Thai Finance Minister Somkid Jatusripitak said on 14 May that the central bank of Thailand will likely be separated into two independent organisations under a revised restructuring plan that he drafted.
Thai Central Bank Cuts Forecast As Exports weaken
THAILAND - The Bank of Thailand (BOT) has slashed down this year's economic growth projections to 2.5-4 percent, from 3-4.5 percent, due to the weakening exports in light of the U.S. and Japanese slowdown, according to local T.V. news reports on Apr 27.
Thai central bank demands forex exposure details
THAILAND - The Bank of Thailand has issued a circular telling banks to provide details on their foreign debt exposure and repayment obligations when they buy dollars from local commercial banks.