Section 2. Rationalizing Structure and Roles of Financial Institutions
The FSMP aims to enhance efficiency and competition within the system by
reforming the licensing regime to lessen regulatory arbitrage and overlapping scopes
of business. This translated to the creation of only two types of deposit-taking
institutions with one designed specifically for filling the gaps in services for low
income and small cap companies. At the same time, the new regime will allow foreign
players to have a bigger role in the Thai financial system by providing such players
with the opportunity to establish presence in Thailand either as a branch or subsidiary.