The crux of the matter basically boiled down to a need to determine the
appropriate role of small financial institutions in the Thai financial landscape, and to
address pending issues raised by domestic and foreign financial institutions including the
future scope of business, organizational structure and efficiency of financial institutions,
and establish complementary supervisory regime capable of supporting, and not
impeding, financial stability and soundness. To address these concerns, the Financial
Institutions Policy Board (FIPB) initiated the ‘Recommended Structure for Financia Institutions Project,’ in 2000 with the purpose of formulating the long-term strategy for Thailand’s financial system, inclusive of all sectors, that would guide public and private sector policies.