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Thailand: Financial Sector Assessment Program: Technical Note: Fixed Income Markets

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  • International Monetary Fund

Abstract

This technical note focuses on fixed income markets for Thailand. The note recommends that Thailand should 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. A series of regulatory changes should be considered, including removing the limitations on below investment grade debt offerings, expanding the size of private placement offerings, and reducing the regulatory burdens on issuers of short-term commercial paper.

Suggested Citation

  • International Monetary Fund, 2009. "Thailand: Financial Sector Assessment Program: Technical Note: Fixed Income Markets," IMF Staff Country Reports 2009/151, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/151
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    References listed on IDEAS

    as
    1. Bank for International Settlements, 2006. "Developing corporate bond markets in Asia," BIS Papers, Bank for International Settlements, number 26, October –.
    2. Robert N McCauley & Yung-Chul Park, 2006. "Developing the bond market(s) of East Asia: global, regional or national?," BIS Papers chapters, in: Bank for International Settlements (ed.), Asian bond markets: issues and prospects, volume 30, pages 19-39, Bank for International Settlements.
    3. Pongpen Ruengvirayudh & Sakkapop Panyanukul, 2006. "The corporate bond market in Thailand," BIS Papers chapters, in: Bank for International Settlements (ed.), Developing corporate bond markets in Asia, volume 26, pages 152-60, Bank for International Settlements.
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