BoT set to issue standards for SFIs

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(The Bangkok Post)

The Bank of Thailand is preparing to issue the accounting and financial reporting standards for specialised financial institutions (SFIs) to better reflect borrowers’ actual risks and strengthen financial fundamentals for banks, says a Fiscal Policy Office (FPO) source.

The move will also prevent an additional fiscal burden shouldered by the government, according to an FPO source speaking on condition of anonymity.

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