Position does not contribute on policy Mr Satit firmlyinsists the board chairman has no impact on policy. (Photo provided) Satit Limpongpan, chairman of the choice committee entrusted with picking the brand-new board chairman of the Bank of Thailand, has validated the position will not have any impact on the main bank’s financial policy. He stated under the changed Bank of Thailand Act of 2008, the board chairman has no authority to interfere with the policies of the regulator’s 3 policymaking committees — the Monetary Policy Committee (MPC), the Financial Institutions Policy Committee, and the Payment Systems Committee — which all run individually. On Monday, the choice committee authorized a brand-new chair, however did not expose the prospect’s name. Former commerce minister Kittiratt Na-Ranong is extensively rumoured to be the option, inspiteof opposition from different groups. Mr Satit stated under the law, it is not easy for the federalgovernment to dismiss the main bank’s guv. Removal can just occur under 2 conditions: severe misbehavior or corruption, or considerable damage to the efficiency of tasks or inadequacy. Regarding the premises for termination, Mr Satit stated present main bank guv Sethaput Suthiwartnarueput is not at threat since he has not fulfilled either of the conditions. Limited function Mr Satit clarified the board chairman likewise has no authority in the choice of a brand-new main bank guv. Furthermore, the board chairman has no
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