BoT: New regulation won't weaken banks | Bangkok Post: business

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BoT: New regulation won't weaken banks

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The Bank of Thailand's recent requirement for commercial banks to inform it of their customers' total financial obligations when considering loans will not weaken their competitiveness against state-owned financial institutions. 

Unlike commercial banks, public banks typically provide financial services to small businesses and low-income workers, said the central bank's deputy governor Krirk Vanikkul.

The central bank doesn't necessarily have to supervise the operations of public banks as long as they act according to their financial obligations, Mr Krirk said.

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