III. FROM PROJECT TO FINANCIAL SECTOR MASTER PLAN (FSMP)
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.
The Bank of Thailand subsequently organized the seminar on “Modernizing
Our Financial System: Challenges for the New Millennium,” in January 2002 with
guest speakers made up of financial experts who have direct experience developing
financial sector development plans for Australia and Canada, as well as experts on
international financial trends, and microfinance in South Africa. (Please see Governor
M.R. Pridiyathorn Devakula’s Opening Remarks in Appendix B) Through the seminar,
the Bank of Thailand received numerous useful ideas and list of relevant financial
issues to help guide Thailand’s approach toward financial sector improvements.
(Lessons Learned from Seminar is in Appendix C)
Beyond learning about the methodology for formulating a comprehensive
financial sector development plan, participants also discussed the forces of change at
work in the international financial landscape (please see Box 1). Being a small marketoriented
open economy with financial linkages to the international financial markets, it
is of utmost importance for Thailand’s domestic financial institutions to be alert to the
global changes and incorporate the lessons learned into their competitive strategies.
The global forces of change bring both opportunity and challenges, and the key to a
successful strategy is to harness these forces to create products, services, and business
models that increase value to the financial sector. Financial institutions should
therefore be capable of adapting to changing international norms and act as stable
mediums for allocating financial resources and risk among various sectors vital to
Thailand’s overall economic and social development goals.
It became apparent after the seminar that Thailand could also benefit from a
comprehensible financial development roadmap that encapsulates key lessons learned.
Thus, the Bank of Thailand embarked on the Financial Sector Master Plan project that
can aims to articulate the medium-term (5-10 years) development vision for Thailand’s
financial sector and whose implementation still continues today.
III จากโครงการภาคการเงินแผนแม่บท ที่มีขอบเขตชัดเจนและวัตถุประสงค์ที่ธนาคารแห่งประเทศไทยได้รับเชิญต่างประเทศผู้เชี่ยวชาญในการแบ่งปันความรู้ของแผนพัฒนาภาคการเงินและตลาดใหม่ความท้าทายกับประชาชนในท้องถิ่นและผู้ปฏิบัติงานภาคเอกชน III. FROM PROJECT TO FINANCIAL SECTOR MASTER PLAN (FSMP)
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.
The Bank of Thailand subsequently organized the seminar on “Modernizing
Our Financial System: Challenges for the New Millennium,” in January 2002 with
guest speakers made up of financial experts who have direct experience developing
financial sector development plans for Australia and Canada, as well as experts on
international financial trends, and microfinance in South Africa. (Please see Governor
M.R. Pridiyathorn Devakula’s Opening Remarks in Appendix B) Through the seminar,
the Bank of Thailand received numerous useful ideas and list of relevant financial
issues to help guide Thailand’s approach toward financial sector improvements.
(Lessons Learned from Seminar is in Appendix C)
Beyond learning about the methodology for formulating a comprehensive
financial sector development plan, participants also discussed the forces of change at
work in the international financial landscape (please see Box 1). Being a small marketoriented
open economy with financial linkages to the international financial markets, it
is of utmost importance for Thailand’s domestic financial institutions to be alert to the
global changes and incorporate the lessons learned into their competitive strategies.
The global forces of change bring both opportunity and challenges, and the key to a
successful strategy is to harness these forces to create products, services, and business
models that increase value to the financial sector. Financial institutions should
therefore be capable of adapting to changing international norms and act as stable
mediums for allocating financial resources and risk among various sectors vital to
Thailand’s overall economic and social development goals.
It became apparent after the seminar that Thailand could also benefit from a
comprehensible financial development roadmap that encapsulates key lessons learned.
Thus, the Bank of Thailand embarked on the Financial Sector Master Plan project that
can aims to articulate the medium-term (5-10 years) development vision for Thailand’s
financial sector and whose implementation still continues today.
การแปล กรุณารอสักครู่..