Thai banks deploy continuity plans as settlement and liquidity risks rise due to floods
The Bank of Thailand and the country’s leading banks are moving to ensure the country’s payments systems do not grind to a halt due to Thailand’s worst flooding in 50 years. So far, Thailand’s high value settlement system as well as cash reserves at local bank branches have stood up to the rising water levels
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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