The belowing article will be sent to your friend(s):
BoT affirms Deposit Protection Law good for depositors, banks
BANGKOK, Sept 22 - Citing that many countries have already implemented savings protection to depositors, a senior Bank of Thailand (BoT) official said the central bank believes the Deposit Protection Act will benefit depositors and financial institutions alike.
Only a small proportion of depositors -- very large-scale players -- will be denied full coverage under the act. In Thailand only 10,000 depositors have over Bt50 million in a single savings account.
BoT assistant governor......
