The intention of this Handbook is to offer readers an insight into the
assumptions and rationale that underlie the future direction of Thailand’s financial
sector. The recommendations within the FSMP are neither fixed nor posed as definitive
answers to financial sector development. Yet mutual understanding fostered by this
Handbook will allow relevant stakeholders a common platform for future dialogues and
exchange of ideas. This will be highly useful for the next phase of the FSMP whereby
ii
further liberalization and deregulation depend upon the results of impact and
competitive studies on the FSMP’s phase one implementation. It is our hope that the
outcomes derived from this project will lay the foundation for a stable financial sector
that is responsive to the genuine economic and development needs of Thailand’s dual
economy