Implemented or above for 35 out of 37 Principles. Such notable progress can be summarized into three main groups: (1) New Principles for the SEC, (2) Principles with significant improvements, and (3) Principles
provisioning expenses, risk calculation, capital maintenance and their overall business operations, during the rest of this year. 1.3 Regulatory Changes Significant regulatory changes in the first quarter of
shortages. Hence, Portugal operation generated a significant loss in this quarter. 2) Higher SG&A 3) Higher tax expenses However, there are also several positive factors: 1) Strong performance of our
Global and Thai Economy in the Third Quarter of 2019 1 1.2 Banking Industry and Competition 2 1.3 Significant Regulations and Rules related to Business Operations 2 2. Risk Management and Risk Factors 5
quarter. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2019 1 1.2 Banking Industry and Competition 2 1.3 Significant
Environment 1 1.1 Global and Thai Economy in 2019 and Outlook for 2020 1 1.2 Banking Industry, Competition and Emerging Risks 2 1.3 Significant Regulations and Rules related to Business Operations 5 2. Risk
(IFRS9) which will come into effect in 2020. 1.3 Regulatory Changes Significant regulations and rules in the first quarter of 2019 that may have affected KBank’s and K Companies’ business operations
,” and a discussion on “Notable Accounting Tips for SMEs.” Over 130 SME operators and executives and employees of the Department of Industrial Promotion attended the event, held at SEC Office
updating its technological systems to ensure that it can cope with possibility of a significant surge in transaction volume. Nonetheless, commercial banks are likely to be exposed to technological failure