51.   It allows foreign banks to lend to Thai borrowers while forbidding the banks from taking deposits.

52.   Late Monday, the Tokyo Metropolitan Government, which regulates Tokyo-based credit unions, ordered Cosmo Bank Corp. to stop taking new deposits or extending new loans.

53.   Late Monday, the Tokyo Metropolitan Government, which regulates Tokyo-based credit unions, ordered Cosmo Credit to stop taking new deposits or extend new loans.

54.   Nowhere in the world do NBFCs take deposits from the public.

55.   On Monday, authorities ordered Cosmo Bank Corp. to stop taking new deposits or extending new loans.

56.   Such companies make money from credit cards and other forms of loaning, and do not take deposits.

57.   The offshore branches are part of the Bangkok International Banking Facility, which permits foreign banks to lend in Thailand but prohibits them from taking deposits.

58.   They could operate as full banks, with the power to take deposits and lend, if they agreed to have no more than one branch.

59.   Thus, investment banks, which take fewer deposits and lend less, will replace traditional commercial banks.

60.   Transparency and accountability are all the more essential in financial institutions which are licensed to take deposits.