Featured Product

    BOT Tackles Credit Issues, Discusses Proposed Rules on Digital Assets

    February 04, 2022

    ‚ÄčThe Bank of Thailand (BOT) made announcements on the aspects of problem loans, debt restructuring, and consultation on the use of digital assets. BOT announced the criteria to establish joint venture asset management company (AMC) to help financial institutions cope with the problem of non-performing assets that may gradually increase due to the COVID-19 pandemic; this development is relevant for commercial banks registered in the country as well as for the "Asset Management Company." BOT also set out guidelines on debt restructuring for businesses with multiple creditors, to support the business debtors of financial institutions and specialized financial institutions that have signed a Memorandum of Understanding with respect to debt restructuring.

    Additionally, BOT, the Securities and Exchange Commission of Thailand (SEC), and the Ministry of Finance (MOF) jointly reviewed the benefits and risks of digital assets and deem it necessary to regulate the use of digital assets as a means of payment for goods and services. Therefore, SEC sought public comments, until February 08, 2022, on the proposed rules prohibiting digital asset businesses from providing services in a manner that facilitates or supports the use of digital assets as a means of payment for goods and services. The proposed rules will be applied to all types of digital asset businesses, with the aim to prevent extensive risks to the general public or the economic and financial system that could occur in the event that the use of digital assets as a means of payment for goods and services becomes widespread. BOT published questions and answers (Q&A) on the proposal on digital assets.


    Related Links (in English and Thai)


    Keywords: Asia Pacific, Thailand, Banking, Securities, Digital Assets, Debt Restructuring, Covid 19, Credit Risk, Asset Management Companies, Basel, NPLS, BOT

    Featured Experts
    Related Articles

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582