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Time Is Ripe to Bring in New Bank Guarantee, Thai Finance Officials Say.
Byline: Wichit Chantanusornsiri
Apr. 5--Based on economic fundamentals and the overall stability of the financial sector, it is now the right time to introduce a limited deposit guarantee programme, according to Sirot Sawadpanish, director-general of the Fiscal Policy Office.
But he added that passage of the new legal framework was solely a political decision.
The Finance Ministry and the Bank of Thailand have been working for years on a new limited guarantee programme to cover bank deposits.
Since 1997, the central bank's Financial Institutions Development Fund has maintained a blanket guarantee on bank deposits, a measure taken ...
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