Some of the key measures include: a full guarantee of all depositors and
creditors of financial institutions; upgrading the prudential regulations on financial
institutions, in particular on definitions and classifications of NPL, provisioning requirements
and capital adequacy ratios, to reach international standards by the end of the year 2000;
issuance of Baht 500 billion in bonds to help the Financial Institution Development Fund
(FIDF); issuance of up to Baht 300 billion in bonds to help in the re-capitalisation of financial
institutions; and, the passage of new laws, particularly on bankruptcy procedures and
foreclosure, to help encourage debt restructuring.