Thailand: Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision

October 24, 2019

Preview Citation

Format: Chicago

Thailand: Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision, (USA: International Monetary Fund, 2019) accessed September 19, 2024

Summary

This Detailed Assessment of Observance on the Basel Core Principles (BCP) for effective banking supervision on Thailand highlights that there have been significant enhancements to the legal framework and the supervisory process since the last BCP review, resulting in high compliance. The commercial banking sector appears to be sound and stable with a diversified lending profile and a steady source of funding. The involvement of other ministerial authorities in Specialized Financial Institutions supervision may affect standard-setting processes and the mindset of key decision makers for commercial banks when trying to level regulatory standards. The supervisory framework and practices provide the foundation for the continued development of risk-based supervision. Notifications and examination manuals increasingly focus on analysis of qualitative factors such as governance, risk management and risk appetite statements to determine the bank’s composite rating. The report recommends that efficiency of enforcement actions would be increased by aligning Financial Institutions Business Act requirements and Bank of Thailand internal practices.

Subject: Banking, Commercial banks, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, International trade, Market risk, Operational risk, Stress testing, Trade balance

Keywords: Asia and Pacific, BOT notification No. FPG, BOT supervisor, Business strategy, Commercial banks, CR, Credit risk, Global, ISCR, Market risk, Operational risk, Parent company, Risk management, Risk profile, Senior management, Stress testing, Trade balance

Publication Details

Pages:

258
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/319
Stock No:

1THAEA2019004
ISBN:

9781513517599
ISSN:

1934-7685

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