Thailand - Assessment of Observance of the CPSS-IOSCO Principals for Financial Market Infrastructures : BAHTNET and TSD
This report contains the assessments of BAHTNET and TSD based on the PFMI. The assessment was undertaken in the context of the International Monetary Fund and World Bank Financial Sector Assessment Program (FSAP) of Thailand in November 2018. The a...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/769411571259925337/Thailand-Assessment-of-Observance-of-the-CPSS-IOSCO-Principals-for-Financial-Market-Infrastructures-BAHTNET-and-TSD http://hdl.handle.net/10986/32612 |
| Summary: | This report contains the assessments of
BAHTNET and TSD based on the PFMI. The assessment was
undertaken in the context of the International Monetary Fund
and World Bank Financial Sector Assessment Program (FSAP) of
Thailand in November 2018. The assessors were Gynedi
Srinivas and Dorothee Delort of the World Bank’s Payment
Systems Development Group. The assessors would like to thank
the Thai counterparts for their excellent cooperation and
generous hospitality. The objective of the assessment was to
identify potential risks related to the FMIs that may affect
financial stability. While safe and efficient FMIs
contribute to maintaining and promoting financial stability
and economic growth, they may also concentrate risk. If not
properly managed, FMIs can be sources of financial shocks,
such as liquidity dislocations and credit losses, or a major
channel through which these shocks are transmitted across
domestic and international financial markets. The scope of
the assessment includes two main FMIs as well as the
authorities in Thailand responsible for regulation,
supervision, and oversight of FMIs. BAHTNET and TSD are
assessed against all relevant principles of the PFMI. The
authorities, the BOT and the SEC, are assessed using the
responsibilities for authorities of FMIs. |
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