a still unresolved issue regarding supervision is whether the BOT should still retain the role of supervising banks and finance companies. After the crisis,when much of the blame was attached to the BOT,there was a suggestion that a new agency for financial sector supervision should be established .This appears to be the position of the Ministry of Finance over the past couple of years although the BOT would like to retain the supervision role .This difference needs to be resolved before a revised Bank of Thailand Act and a new Financial Institution Act can be finalized.