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(From Thai Press Reports)
Section: General News - Local banks will face key challenges in skills and databases to comply with the implementation of the Basel II capital accord in early 2008, according to the IT consultancy TN Information Systems Ltd., the Bangkok Post reports.
Chai Taebanpakul, executive director of TN Information, said commercial banks needed to adjust to comply with the standardised model of the new capital accord.
"Banks generally need to improve customer records to comply with Basel II, which requires detailed lending records," he said. "Some records have been used for ten years, although they are incomplete. Some information …