Macroprudential framework – the case of Thailand

Bank of Thailand
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Bank of Thailand: Bank for International Settlements

A chapter in Macroprudential frameworks, implementation and relationship with other policies, 2017, vol. 94, pp 339-348 from Bank for International Settlements

Abstract: This note provides an overview of Thailand’s macroprudential framework. While the Bank of Thailand (BOT) takes the lead role in safeguarding financial stability, it works in close coordination with two other regulators, namely the Securities and Exchange Commission and the Office of Insurance Commission, to assess and contain systemic risks in a consolidated manner. The BOT views macroprudential policy as part of its overall policy package; it is designed to complement rather than substitute for sound monetary policy. To date, the BOT has implemented three main macroprudential policies: (i) measures on loan-to-value ratios; (ii) dynamic loan loss provisioning; and (iii) credit limits on credit card and personal loans. The BOT and other regulators are increasing coordinated efforts to oversee systemic risks, enhance the effectiveness of its existing macroprudential policy as well as explore additional measures going forward.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisbpc:94-26

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