Resources for Basel II Capital Accord (Basel II)

BoT, commercial bankers assess health of economy

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Bank of Thailand (BoT) Assistant Governor Sorasith Sunthornkes said on Tuesday the central bank had discussed current economic conditions with executives of commercial banks, and asked their cooperation in various areas, as well as compliance with capital requirement under Basel II.Given the current economic slowdown, he said BoT wanted Thailand's commercial banks to monitor and report the non-performing loan (NPL) status closely and frequently. The central bank needs the banks to report management-related data sooner because it feared the current economic slowdown might fuel a rise in non-performing loans.

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