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Thai Central Bank's Supervisory Role to Grow.
Byline: Darana Chudasri
Sep. 6--Planned legal changes in financial sector supervision will give the Bank of Thailand increased authority over bank subsidiaries and credit card issuers.
The worldwide growth of non-bank financial institutions, covering a range of businesses from securities brokers to mutual and provident funds and insurance companies, has come with a variety of different approaches by regulators.
In Thailand, securities firms and asset management companies are overseen by the Securities and Exchange Commission, while insurance is regulated by the Insurance Department and commercial banks and finance companies by the central bank. ...
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