Thai bank bail-ins?

[watgate]

Can thai banks, in the event of a major disruption or melt down in the economy, implement bank bail-ins, similar to what U.S. banks can do with their depositors funds on deposit in their institutions? If so is there any threshold amount before the bail-ins can be introduced?

[EricTh]

Each depositor in each bank is only paid up to a maximum of 1 million baht.

 

If the economy collapse, all the banks will be in trouble so how can the government bail all of them?

[watgate]

A bail-in, unlike a bail-out, enables banks in the U.S. to take depositors funds and you might ultimately get paid back on cents to the dollar during bankruptcy or insolvency  proceedings.

[userabcd]

If worried, suggest you submit your query to the minister of finance and the central bank of Thailand for an answer.

 

Doubt if any foreigners on this form could answer.

Edited February 27, 2022 by userabcd

[Airalee]

I see it’s time for your nearly annual random financial armageddon thread.

 

https://aseannow.com/topic/632008-us-dollar-vs-thai-baht/

https://aseannow.com/topic/894699-negative-interest-rates/

 

 

https://aseannow.com/topic/1069514-what-impact-would-a-repeat-financial-implosion-have-on-you-and-your-investments/

https://aseannow.com/topic/1158822-what-are-the-chances-of-a-complete-financial-meltdown/

 

 

https://aseannow.com/topic/1175133-bail-ins-for-money-on-deposit-in-a-us-bank/

 

“I’ve had a lot of worries in my life, most of which never happened”

-Mark Twain

[watgate]

Airalee- Nice response from a puerile brain. Make yourself useful and go get your booster  shot or 2.

[RichardColeman]

If Thai Insurance companies can change their policies willynilly then I would not put it past the banking system here to do anything they felt like too.

[robblok]

32 minutes ago, watgate said:

Airalee- Nice response from a puerile brain. Make yourself useful and go get your booster  shot or 2.

Actually she is just quoting your topics who are always about stuff like this but have never happened. So she is right for calling you out.