Thailand: Financial System Stability Assessment; imf country Report No. 19/308; September 10, 2019
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- International Monetary Fund Washington, D.C. October 2019 THAILAND
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© 2019 International Monetary Fund IMF Country Report No. 19/308 THAILAND FINANCIAL SYSTEM STABILITY ASSESSMENT This Financial System Stability Assessment paper on Thailand was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on September 30, 2019. Copies of this report are available to the public from International Monetary Fund • Publication Services PO Box 92780 • Washington, D.C. 20090 Telephone: (202) 623-7430 • Fax: (202) 623-7201 E-mail: publications@imf.org Web: http://www.imf.org Price: $18.00 per printed copy International Monetary Fund Washington, D.C. October 2019 THAILAND FINANCIAL SYSTEM STABILITY ASSESSMENT KEY ISSUES Context: While the role of other deposit-taking institutions and nonbank financial institutions (NBFIs) has grown in the last decade, commercial banks still account for almost half of the financial sector. Financial vulnerabilities appear to be contained, but household indebtedness is relatively high and there are signs of weaknesses in some corporates and small-and-medium enterprises (SMEs). A significant slowdown in China and advanced economies, a sharp rise in risk premia, and entrenched low inflation would adversely impact the financial system. Findings: Stress tests results suggest that the banking sector is resilient to severe shocks and that systemic and contagion risks stemming from interlinkages are limited. Financial system oversight is generally strong, but the operational independence of supervisory agencies can be strengthened further. The regulatory and supervisory frameworks of Specialized Financial Institutions (SFIs) and commercial banks are different. Progress has been made on the macroprudential framework and policies, but leakages remain. Many features needed to manage bank distress and failure are in place, but there is room for enhancing the crisis management and resolution framework. Thrift and Credit Cooperatives (TCCs) play a key role in household lending, but data is limited and their supervision and regulation can be strengthened. Download 1.73 Mb. Do'stlaringiz bilan baham: 
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