November 2000 • FIPG performed additional cross-country analysis on trends in financial
services, scope of permitted services, possible structure of financial
conglomerates, types of regulatory regime, and regulatory cooperation.
February 2001 • FIPB determined that financial sector development should entail both market
and supervisory reforms, with relevant stakeholders involved in the
development of optimal financial system structure through selected committees
and formal public hearings.
April 2001 • Eminent persons meeting identified topics for further studies and preliminary
long-term vision for Thailand’s financial sector.
June 2001 • FIPG proposed work plan for the Recommended Structure for Financial
Institutions Project (Project) to Governor M.R. Pridiyathorn Devakula, based
on procedures used by the National Economic and Social Development Board
(NESDB) to draw up Thailand’s Ninth Economic and Social Development
Plan.
July 2001 • Coverage of the Project was reduced to envelop only financial institutions
under the supervision of the Bank of Thailand.
August 2001 • Governor M.R. Pridiyathorn Devakula directed FIPG to study the financial
system of countries with economic structure similar to Thailand’s dual
economy, and to focus on improving financial services to urban, rural and
microfinance consumers.
January 2002 • Seminar on “Modernizing Our Financial System: Challenges for the New
Millennium,” with guest speakers from Australia, Canada, Hong Kong, and
South Africa
February 2002 • Bank of Thailand established the Financial Sector Master Plan (FSMP)
Committee to finalize vision and objective of the Master Plan.
August 2002 • CSN & Associates Company Limited engaged to perform nationwide survey to
gauge consumer and corporate satisfaction with available financial services.