Featured Product

    BOT Issues Relief Measures Amid Crisis, Eases Dividend Payment Policy

    November 22, 2021

    The Bank of Thailand (BOT) decided to relax the dividend payment policy for 2021 by unwinding the dividend payout ratio limit (not exceeding the past payout rate). Financial institutions have been allowed to pay dividends for 2021 not exceeding 50% of the net profit of 2021. However, financial institutions still need to strengthen their capital levels to support a continuation of credit expansion during the beginning of economic recovery. BOT also published guidelines on long-term debt refinancing and debt consolidation measures to help debtors affected by the COVID-19 pandemic.

    As part of these debt measures, BOT requires financial institutions and business operators to not charge prepayment fees for personal loans under supervision and retail loans temporarily until December 31, 2023. BOT also revised debt consolidation guidelines for retail debtors by expanding the scope to enable debt consolidation across financial institutions and/or other business operators. Finally, BOT issued fair credit management guidelines to provide support to debtors facing difficulties amid COVID-19 pandemic as well as to support financial services users to be aware of their rights. The guidelines cover the end-to-end process of credit, including development and offering of credit products, credit risk management, debt collection, provision of assistance to debtors with loan repayment issues, litigation process, and sale and transfer of debt to other creditors.

     

    Related Links (in Thai)

    Keywords: Asia Pacific, Thailand, Banking, COVID-19, Regulatory Capital, Credit Risk, Dividend Distribution, Loan Repayment, Guidelines, NPLs, BOT

    Featured Experts
    Related Articles
    News

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News
    News

    EP Reaches Agreement on Corporate Sustainability Reporting Directive

    The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).

    June 21, 2022 WebPage Regulatory News
    News

    PRA Consults on Model Risk Management Principles for Banks

    The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.

    June 21, 2022 WebPage Regulatory News
    News

    EC Regulation Amends Standards for Calculating Credit Risk Adjustments

    The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.

    June 21, 2022 WebPage Regulatory News
    News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News
    News

    EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance

    The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.

    June 17, 2022 WebPage Regulatory News
    News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News
    News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News
    News

    UK Authorities Issue Regulatory and Reporting Updates for Banks

    The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.

    June 15, 2022 WebPage Regulatory News
    News

    BCBS Issues Climate Risk Principles while HKMA Expresses Its Support

    The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.

    June 15, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8286