DPA: Money safe with state-owned banks | Bangkok Post: business

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DPA: Money safe with state-owned banks

  • Published: | Viewed: 2,358 | Comments: 0
  • Newspaper section: Business
  • Writer: Parista Yuthamanop and Wichit Chantanusornsiri
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State-owned banks are not covered by the Deposit Protection Agency (DPA) and the government must push through a law if it wishes them to be, says president Sorasit Soontornkes. 

An executive decree is needed to include the Islamic Bank of Thailand under the umbrella of the Deposit Protection Agency, says DPA president Sorasit Soontornkes. PATTARACHAI PREECHAPANICH

"At present, our members are only private banks. However, the law allows the government to issue an executive decree that requires the agency to include state-owned banks as members. The government has yet to do that," he said.

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