Thai Stock Exchange faced scandals, defaults, and volatility in 2023, causing loss of investor confidence. Regulatory reforms are necessary, with plans to tighten listing regulations in response to recent issues.
Scandals, Scams, and Wild Moves Shook Up the Thai Stock Exchange in 2023
The Thai stock market endured a turbulent year in 2023, marked by numerous scandals, defaults, and volatility. Consequently, investor confidence significantly declined, underscoring the need for regulatory reforms. These challenges stemmed from accounting scandals, debt defaults, and share price fluctuations, prompting the authorities to tighten listing regulations.
Regulatory Reforms in Response to Investor Confidence Decline
In response to the slew of issues faced by the Thai stock market, regulatory measures are being proposed to strengthen listing regulations. These measures aim to address the recent spate of accounting scandals, defaults, and share price fluctuations, which have considerably shaken investor confidence. The proposed regulations seek to restore faith in the Thai stock market and its underlying companies.
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Source : Another year of scandals, scams and wild moves for the Thai Stock Exchange