FSAP Rate the financial sector of Thailand comparable to international countries Pass the examination to raise the international level of the bank – SEC – OIC.
Financial sector assessment (Financial Sector Assessment Program (FSAP) Of Thailand by an assessment team from the International Monetary Fund (International Monetary Fund (IMF) And the World Bank (World Bank) B.E. 2018 – 2019 In the past, which was the voluntary assessment of Thailand No. 2 After the first assessment in B.E. 2007
Mr Wirathai Santiprapob, Governor of the Bank of Thailand (BOT) revealed that The BOT was assessed according to standards. Basel Core Principles for Effective Banking Supervision (BCP) Which is the latest international standard for banking supervision. 29 The assessment results were in a very good level. 24 Articulation and good level 5 Which shows the development of the Thai banking sector that has improved considerably from previous assessments The assessor is of the opinion that Thai commercial banks are stable High capital and liquidity There are rules for security supervision and commercial banks that are effective against risks. The BOT has close cooperation with commercial banks and regulatory agencies both at home and abroad.
In addition, the BOT also received an assessment of the BAHTNET system supervision. Which is a high value payment system in Thailand as per the standards Principles for Financial Market Infrastructure (PFMI) That is the international standard for supervision of the important financial system infrastructure, latest version 17 The assessment results were in a very good level. 16 Articulation and good level 1 Article and front that responsibility for supervision (responsibilities for authority) The evaluation results were in a very good level. All The assessor is of the opinion that BAHTNET system is secure and secure. There is effective risk management and in accordance with international standards in all aspects, such as having a law to support the settled transaction that is effective and cannot be revoked.payment finality) The BAHTNET system has good governance and clear policies, transparency, and the BOT supervises payment systems. Including the BAHTNET system in accordance with high international standards And have close cooperation with relevant agencies such as the Securities and Exchange Commission (SEC) and Thailand Securities Depository Company Limited (Thailand Securities Depository Co., Ltd. – TSD) To enable the system to provide efficient and continuous service according to international standards
In this regard, the appraiser has suggested the development of a regulatory framework for specialized financial institutions to be comparable with commercial banks. And consider applying the framework, rules and guidelines for checking commercial banks to apply to financial cooperatives as appropriate as well as considering expanding the use of preventive measures (macroprudential policy) To other financial institutions, such as specialized financial institutions And financial cooperatives, including considering an appropriate model for establishing a committee to oversee financial stability in the next phase.
Ms Ruenwadi Suwanamongkol, Secretary-General of the Office of the Securities and Exchange Commission (SEC), said the capital market supervision and infrastructure for clearing and delivering Thai securities are the first countries to be evaluated. According to the standard IOSCO New edition 2560 And has received very good results as well as the world's leading capital markets such as the United States, Singapore and Hong Kong
For evaluating the financial system infrastructure supervision (PFMI) For the operation and risk management of Thailand Securities Depository Company Limited which has been evaluated 20 Article from all 24 Articulation with results in a good level to very good in total 17 In terms of responsibility and governance, the evaluation results were very good, both 5 Things like the BOT. In addition, the supervision of the securities industry 37 The number of assessments received is good to very good. 35 Comparable with leading countries
Suthiphon Thaweechaiyakan, Secretary-General of the Insurance Commission The OIC entered this full assessment for the first time. With good and very good assessment results 22 Comparable with developed countries in insurance In addition, the OIC has continuously improved and improved such as Risk level oversight Care according to risk level Supervision of insurance intermediaries and marketing behavior, capital maintenance, asset valuation, liabilities, insurance reserves, and macro stability supervision In the insurance industry
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