Thailand: Financial Sector Assessment Program: Technical Note: Fixed Income Markets
IMF Staff Country Reports, May 15, 2009
Source details
- Canonical URL
- Thailand: Financial Sector Assessment Program: Technical Note: Fixed Income Markets
Other formats
Bibliographic details
- Published: May 15, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836905.002
Summary
- Focus: fixed income markets for Thailand.
- Main policy recommendation: begin an orderly transition from merit-based regulation of corporate issuers and institutional investors to a disclosure-based regulatory system that opens the debt market to a larger and more diverse pool of corporations.
- Recommended regulatory changes include:
- removing the limitations on below investment grade debt offerings;
- expanding the size of private placement offerings;
- reducing the regulatory burdens on issuers of short-term commercial paper.
Findings and thematic emphasis
- The note centers on broadening access to Thailand’s debt market through a shift in regulatory approach from merit-based to disclosure-based regulation.
- Emphasis on enabling a larger and more diverse pool of corporate issuers and institutional investors to participate in the fixed income market.
Content in this bundle
- _cr09151 - Executive Summary