With a clear scope and objective, the Bank of Thailand invited international
experts to share their knowledge of financial sector development plans and new market
challenges with local public and private sector practitioners. Up to that time, there had
been a growing consensus among supervisors that carefully deliberated development
plans offered a structured long-term approach to financial sector development.
Although the objectives of each plan vary from one another given each country’s
different levels of economic development, financial innovation, and regulatory regime,
Thailand could still benefit from the experiences of countries that have already
developed and implemented their respective plans.