5. The role of non-bank financial institutions
Seen from the long-run development perspective, an increasing role for non-bank financial
institutions (NBFIs) is a normal process reflecting the broadening and specialization of financial
institutions. The fascinating aspect of Thailand’s – but also of other countries’ – present financial
development is the dynamism by which such institutions flourish and the important policy issues
that are raised. We discuss this from general to specific in three sub-sections.