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Deposit insurance leads pack of new drafts.
Byline: Parista Yuthamanop
Mar. 1--The new deposit insurance law leads the list of several new proposed financial laws pending Parliament approval.
Pongpanu Svetarundra, the deputy director-general of the Fiscal Policy Office, said the draft deposit insurance law, now being reviewed by the Council of State, was a top priority for the government.
"The ministry will push the Deposit Insurance Act to become effective very soon. :The effective date: may be Jan 1, 2006," he said.
The new law would replace the blanket guarantee on deposits that has been in place since 1997 with a new limited guarantee, starting at 50-million-baht coverage ...
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