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Thailand's central bank announces key criteria for financial license upgrades.
Byline: Parista Yuthamanop
Aug. 6--Corporate governance, financial strength and the clarity of business plans will be the main criteria for evaluating licence upgrade applications by local financial institutions, according to Tarisa Wattanagase, a deputy governor of the Bank of Thailand.
Risk management systems, the experience of board directors and the overall organisational structure will also be key factors.
On Wednesday, the central bank announced that four groups representing eight different finance companies had submitted applications to upgrade to full-service banks.
Another seven groups have applied to upgrade to retail bank ...
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Source: HighBeam Research, Thailand's central bank announces key criteria for financial license...