The Bank of Thailand (BOT) published additional measures to promote support for debtors affected by the COVID-19 pandemic. These measures include maintenance of liquidity for small and medium-size enterprises (SMEs) and retail debtors, revision of loan rehabilitation guidelines for SMEs, extension of credit limit and repayment period of digital personal loans, and assisting debtors through long-term debt restructuring. In addition, BOT and the Thai Bankers Association have agreed on measures to improve loan restructuring for long-term debtors amid the COVID-19 pandemic. Furthermore, BOT, Ministry of Finance Small Industry Credit Guarantee Corporation (TCG), the Association of State Financial Institutions, and the Thai Bankers' Association have jointly established "Debt Doctor Project for the People" as a channel to provide advice, knowledge, and useful information for solving debt problems in a comprehensive way.
Related Links (in Thai)
- Press Release on Additional Relief Measures
- Press Release on Measures to Assist Debtors
- Press Release on Debt Doctor Project
Keywords: Asia Pacific, Thailand, Banking, COVID-19, Credit Risk, Debt Restructuring, Loan Repayment, BOT
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleBNM Publishes Exposure Draft on Bancassurance Arrangements
The Office of the Superintendent of Financial Institutions (OSFI) published an update on the discussion paper that intended to engage federally regulated financial institutions and other interested stakeholders in a dialog with OSFI, to proactively enhance and align assurance expectations over key regulatory returns.
The European Commission (EC) published a report summarizing responses to the targeted consultation on the supervisory convergence and the single rulebook in the European Union (EU).
The European Central Bank (ECB) published its opinion on a proposal for a regulation on European green bonds, following a request from the European Parliament.
The Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB) published a report that explores the expected impact of digitalization on provision of financial and banking services, and proposes policy measures to address the risks stemming from digitalization.
The Hong Kong Monetary Authority (HKMA) is consulting on the draft Financial Institutions (Resolution) Ordinance (Cap. 628), or FIRO, Code of Practice chapter on liquidity and funding in resolution, until March 14, 2022.
The Swedish Financial Supervisory Authority (FI) announced that the capital adequacy reporting as at December 31, 2021 must be done by February 11, 2022.
The European Banking Authority (EBA) announced that the guidelines on the reporting and disclosure of exposures subject to measures COVID-relief measures shall continue to apply until further notice.
The Central Bank of the Philippines (BSP) issued communications covering developments related to online lending platforms, open finance framework and roadmap, and on the expected regulations in the area sustainable finance.
The Board of Governors of the Federal Reserve System (FED) published the final rule that amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to the Federal Reserve Bank capital stock, except in the context of mergers.
The European Banking Authority (EBA) published its assessment of risks through the quarterly Risk Dashboard and the results of the Autumn edition of the Risk Assessment Questionnaire (RAQ).