In addition to this disparity at the cross-section there is much dynamism over time, due to
Thailand’s high growth but also due to consequences from its international integration. Two
aspects of the latter are the introduction of bank regulation in accordance with the Basle II
framework and strong US financial liberalization requirements derived from the Thai-US FTA
(free trade agreement). Both developments – growth and qualitative upgrading – put heavy
strain on human resources. If we consider that even in the leading economies financial
regulators tend to lag behind the dynamic private sector, the precarious situation of Thai
authorities should become obvious. It seems thus a natural consequence in order not to
overstrain resources that complexity is reduced wherever possible.We discuss a few aspects of
such a policy stance.