As to be expected from a financial system that had undergone drastic economic
troughs, the studies revealed numerous inherent weaknesses and gaps in financial
services that needed to be addressed if Thailand is to prevent the reoccurrence of 1997,
and keep up with international financial trends. For example, financial institutions’
survey responses revealed that unclear rules and problems with interest rate
benchmarking tools were obstacles staunching capital market growth, while results of the
SWOT analysis showed how inadequate internal risk management practices and tools
left financial institutions unable to adequately measure, monitor and manage their
material risks.