Pongnut Thanaboonchai
Pongnut is a contributor to Regulation Asia. He is also special counsel to Thailand's Securities and Exchange Commission, working to improve the capital markets regulatory landscape and securities laws in the country. Pongnut is a regulatory specialist on the digital economy for the World Bank Group, and was previously an associate in Banking & Finance at Baker McKenzie's Bangkok Office.
Articles by Pongnut Thanaboonchai
Capital / Liquidity
Bank Indonesia Raises Mandatory MSME Lending Thresholds
07/09/2021
The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.
Securities / Derivatives
Thai SEC Proposes to Streamline Bond Issuance Regulations
07/09/2021
Under the amendments, debt instruments must be issued within 6 months from the date the filing is approved, the SEC said.
Market Infrastructure
BOT Directs Banks to Prepare for New Data Protection Law
03/09/2021
The Thai Bankers’ Association has issued guidelines for banks on handling personal data protection in compliance with the Personal Data Protection Act.
Market Infrastructure
BOT Urges Faster Adoption of THOR by Market Participants
31/08/2021
The BOT’s issuance of floating rate notes referencing THOR has drawn interest from investors and helped to lower spreads in the OIS market.
Crypto / Digital Assets
Thai SEC Proposes Rules to Protect Custodied Digital Assets
30/08/2021
The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.
Fintech / Regtech
US SEC Seeks Regulatory Oversight Over DeFi Platforms
26/08/2021
SEC chairman Gary Gensler likens DeFi to P2P lending. In 2008, the SEC said promissory notes issued to P2P investors were securities.
Securities / Derivatives
Bursa Malaysia to Introduce Night Trading in Palm Oil Futures
24/08/2021
The move is expected to increase participation from global investors, facilitate better risk management, and enhance price discovery.
Capital / Liquidity
BOT Announces Measures to Incentivise Debt Restructuring
24/08/2021
The incentive scheme involves a relaxation of capital reserve requirements through flexible implementation of classification and provisioning guidelines.
Capital / Liquidity
BOT to Increase Flexibility of Pillar 2 Rules for Banks
18/08/2021
The changes will account for new types of risk as well as ESG principles, which help to frame sustainable lending practices and risk management culture.
Capital / Liquidity
BOT to Offer Banks Incentives to Restructure SME Debt
17/08/2021
The BOT is considering reducing the amount of capital banks are required to set aside for NPLs as one possibility to incentivise debt restructuring.
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