Thailand's large banks should all be able to comply with new capital requirements for domestic systemically important banks (D-SIB) deemed "too big to fail". The banks named as D-SIBs all have capital ratios that are well above the new minimum requirements that will be phased in by 2020.

Thai mobile-phone operators' strategy to reduce handset subsidies gradually is likely to improve their profitability. Although operators may face slower revenue growth in the shorter term as cost-conscious subscribers switch to competitors, we believe the impact would be more than offset by a reduction in costs to acquire and retain subscribers.