Bank of Thailand introduces CDS guidelines

Slowly but surely, Thai regulator is warming to credit derivatives.

It is usually the case that when a financial regulator introduces new rules or guidelines that it will make a big song and dance about the news, heralding whatever is being introduced as a 'new dawn in the development of the financial market'. You do not expect the regulators to be so modest that they make no public announcement whatsoever.

That, however, seems to be the approach of the Bank of Thailand BOT when it comes to publicizing the development of the country's credit derivatives market. We would not have known that commercial banks are now allowed to engage in credit default swap CDS transactions had one FinanceAsia reader not recently forwarded...

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