Bank of Thailand concerned over ‘unintended consequences’ of Basel III

Thailand joins the Philippines and India in introducing Basel III capital adequacy requirements ahead of schedule but doubts remain over some aspects of the accord

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The current form of the Basel III framework contains four areas that will have a negative impact on the banking sector and broader economy of Thailand and other Asian states, according to a senior official from the Bank of Thailand.

The central bank is planning to implement the Basel III capital adequacy ratios from the start of 2013 – two years ahead of the Basel Committee on Banking Supervision's proposed schedule. However, Tongurai Limpiti, assistant governor, financial institutions policy

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