a. Restructure the formats and roles of financial institutions so that they can better serve customers’ demand, achieve greater efficiency, attain more stability, and become more competitive. As for Thai financial institutions, there will be only two types. Commercial banks may provide financial services to all groups of customers and undertake all types of financial transactions, except issuing insurance policies and underwriting/brokering/trading equity securities. Retail banks, in contrast, are expected to exclusively serve retail customers and SME, subject to lending limit per customer and other conditions as specified by the BOT. As for foreign financial institutions, there will be only two types as well. Subsidiaries of foreign banks will enjoy the same scope as commercial banks and can open up to four branches. Full branches of foreign banks, however, cannot open any branches, even though they will have the same business scope as commercial banks.