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Thailand Banks Ordered to Readjust Rates.
Byline: Parista Yuthamanop
Mar. 5--The Bank of Thailand has ordered local banks to adjust their accounting procedures for non-performing loans and losses booked from debt restructuring.
Samart Buranawattanachoke, a senior director for the bank's risk supervision policy and analysis department, yesterday said the changes were to bring regulations in line with standards set by the Institute of Certified Accountants and Auditors of Thailand last month.
In a circular issued to banks yesterday, regulators said the institutions could chose one of three methods for establishing interest rate benchmarks in booking losses from debt restructuring under ...
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Source: HighBeam Research, Thailand Banks Ordered to Readjust Rates.