Overall, recent reforms have brought Thailand’s financial system into much better shape: the
development of capital markets is under way, specialized financial institutions serve their role
and will be ‘‘normalized’’ to some extent (integrated into ‘‘normal’’ supervision and reduced in
relative importance), necessary corollary institutions have been implemented and broad access to
financial services has been addressed. Nevertheless, due to the increasing international
integration, further rapid growth and economic upgrading, requirements on the financial system
are steadily increasing too. One of the particularly interesting fields is the role of non-bank
financial institutions which we will discuss in the next section.
Overall, recent reforms have brought Thailand’s financial system into much better shape: thedevelopment of capital markets is under way, specialized financial institutions serve their roleand will be ‘‘normalized’’ to some extent (integrated into ‘‘normal’’ supervision and reduced inrelative importance), necessary corollary institutions have been implemented and broad access tofinancial services has been addressed. Nevertheless, due to the increasing internationalintegration, further rapid growth and economic upgrading, requirements on the financial systemare steadily increasing too. One of the particularly interesting fields is the role of non-bankfinancial institutions which we will discuss in the next section.
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