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

International Monetary Fund

No 2009/151, IMF Staff Country Reports from 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.

Keywords: ISCR; CR; debt market; financial market; fixed income; mutual fund; commercial paper; on-exchange market; interest rate; futures contract; long-term debt; public offering; risk capital; primary market; Bonds; Securities; Securities markets; Mutual funds; Trade balance; East Asia (search for similar items in EconPapers)
Pages: 43
Date: 2009-05-15
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