Resources for Basel II Capital Accord (Basel II)

BoT: Basel II Raises Confidence

www.istockanalyst.com

The move by the banking system to implement the Basel II capital accord will raise market confidence in the Thai economy, said Krirk Vanikkul, an assistant governor of the Bank of Thailand. The new capital accord changes how banks set aside regulatory capital to cover risks for holding certain types of assets, and also forces lenders to account for issues such as operating risk in addition to standard credit risk. Prime Minister Abhisit Vejjajiva had earlier suggested that the central bank postpone implementing the Basel II accord due to concerns that the new rules may further reduce new lending.

View the Resource

Share or bookmarklet this web page at: