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BoT pushes risk control.
Mar. 1--The Bank of Thailand has directed commercial banks to improve their risk management systems to reflect the credit risks of countries with which they are engaged in transactions.
It says banks that have overseas operations worth more than 50 percent of tier-one capital funds must comply with the directive, starting from July.
Risk framework should consider the volume and complexity of transactions with counterparts in each country. Transactions should also be assigned ratings from international credit-rating agencies.
...
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Source: HighBeam Research, BoT pushes risk control.