## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/thailand-financial-sector-assessment-program-technical-note-fixed-income-markets-22942)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/thailand-financial-sector-assessment-program-technical-note-fixed-income-markets-22942/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/thailand-financial-sector-assessment-program-technical-note-fixed-income-markets-22942/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/thailand-financial-sector-assessment-program-technical-note-fixed-income-markets-22942/bundle-manifest.json)

## Bibliographic details
- Published: May 15, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836905.002

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### 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.

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## Content in this bundle

- **_cr09151 - Executive Summary**
  - [_cr09151 - Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr09151.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr09151 - Executive Summary (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr09151.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/thailand-financial-sector-assessment-program-technical-note-fixed-income-markets-22942_