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​Bank of Thailand to resume role collecting bailout funds from banks

( December 9, 2016, 07:04 GMT | Insight) -- Thailand's cabinet has approved a draft law allowing the Bank of Thailand to resume the role of the Financial Institutions Development Fund, which can be used to bail out financial institutions during a financial crisis, The Nation reports. Thailand's cabinet has approved a draft law allowing the Bank of Thailand to resume the role of the Financial Institutions Development Fund, which can be used to bail out financial institutions during a financial crisis, The Nation reports. As the FIDF, the central bank bailed out financial institutions during the 1997 Asian financial crisis, and guaranteed full repayment to depositors and creditors. Its functions have since been trimmed to managing its own assets. ...

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