Notes: the line for the UK shows the average of the BCC, CBI, CIPS and Bank of England Agents’ survey measures of investment intentions. The line for the US shows the Business Roundtable CEO Survey measure. Chart 12: UK financial system much more resilient Per cent 20  Per cent 16  18  Basel II core Tier 1 weighted average (left-hand scale)  14  16  Basel III common equity Tier 1 weighted average (right-hand scale)  12  Basel III definition of capital  10  CET1 ratio adjusted for 2016 stress test losses (right hand scale)  8  14 12 10  6  8  4  6  2  4 2  0 01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16  17  Sources: PRA regulatory returns, published accounts and Bank calculations. See June 2017 Financial Stability Report for details of series. Notes: The chart shows major UK banks’ capital ratios as a percentage of their risk-weighted assets. 12  All speeches are available online at www.bankofengland.co.uk/speeches  12  Chart 13: Corporate bond spreads below historic averages Basis points 3000 Dashed lines: averages since 2000 Sterling  2500  2000 Euro 1500  US dollar  1000  500  0  Sources: Bank of America Merrill Lynch Global Research and Bank calculations. Notes: Option-adjusted spreads.
M R Chatu Mongol Sonakul: Thailand - where we are now and what we are trying to do  Speech by Mr M R Chatu Mongol Sonakul, Governor of the Bank of Thailand, at the Asia Society Southern California Centre, on 3 October 2000. *  *  *  President of the Asia Society of Southern California, distinguished guests, ladies and gentlemen, Two years ago this month, I came to speak to this Society. It was to tell you how Thailand was getting along, what we were going to do and to solicit your support as friends of Thailand. Those of you who were present might recall the things I said we were going to do. They were very rudimentary as far as central banking goes, and that the economic and financial numbers then, whilst improving, were not necessarily a basis around which a good future could be built. The numbers are in many ways now better and we have gone on to do all the things which I said we would do and develop the more sophisticated mechanisms of central banking, such that we are far in advance of our indications two years ago. It is usually a happy occasion when one could report that one has done more than what one has set out to do. But I am not really a happy man today. The economy is still fragile, and there are vast areas left to be mapped out and implemented.