BOT Offers Additional Support to Debtors Amid Pandemic
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
Victor Calanog, Ph.D.
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
Next ArticleMAS Announces Finalists for Global CBDC Challenge
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.
MFSA Sets Out Supervisory Priorities, Issues Reporting Updates
The Malta Financial Services Authority (MFSA) outlined its supervisory priorities for 2023
German Regulators Issue Multiple Reporting Updates for Banks
Deutsche Bundesbank published the nationally deactivated validation rules for the German Commercial Code (HGB) users on the taxonomy 3.2, which became valid from December 31, 2022
BCBS Report Examines Impact of Basel III Framework for Banks
The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.
PRA Consults on Prudential Rules for "Simpler-Regime" Firms
Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.