Thai banks deploy continuity plans as settlement and liquidity risks rise due to floods

Thammasat University in Thailand

Commercial banks in Thailand have increased their levels of available short-term cash in anticipation of a potential spike in customer withdrawals due to flooding that is affecting 61 of the country's 71 provinces, including its capital city, Bangkok. Thus far the city's banking system appears to have functioned without disruption.

An official at the Thai central bank, the Bank of Thailand, told Asia Risk that as of November 16 – three weeks after the government declared a special five-day

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