Thai asset management corporation: objectives and powers

摘要

The Thai Asset Management Corporation (TAMC) was established in order for the Government to address the high level of non-performing loans (NPLs) in both state-controlled and private financial institutions and to set the environment right for the banks to recommence lending. The TAMC is a government agency owned 100 per cent by the Financial Institutions Development Fund (FJDF). The TAMC is managed by a board of directors consisting of no more than 11 members appointed by the Minister of Finance and approved by the Council of Ministers.