Improve Competitiveness of Individual Financial Institution
In line with the Bank of Thailand’s move towards consolidated and risk-based
supervision, the FSMP contains provisions for promoting internal risk-based
management and good corporate governance practices among financial institutions. In
addition the FSMP also proposes increasing operational flexibility among financial
institutions by expanding the list of permitted activities and allowing financial
institutions the ability to establish financial groups with the organizational structure of
their own choosing, i.e. bank-parent or holding company structure.