Online Original: "Malaysia Did It With Force. We Did It With Style"

Bank of Thailand Governor Chatu Mongol Sonakul on the importance of systemwide change

Chatu Mongol Sonakul manages to be both cerebral and earthy, elliptical and blunt. His royal lineage gives him unusual power to speak freely and act strongly in Thailand. Since taking over as governor of the Bank of Thailand in May, 1998, he has moved to clean up the massive nonperforming loan (NPLs) problem and lay the regulatory framework to ensure that Thailand never again finds itself in such straitened circumstances.

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