Publication:
Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation

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dc.contributor.authorWorld Bank Group
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2019-10-23T20:26:53Z
dc.date.available2019-10-23T20:26:53Z
dc.date.issued2019-06
dc.description.abstractThis is an assessment of the Securities and Exchange Commission of Thailand (SEC) and, secondarily, of certain self-regulatory organizations (SRO) that participate in the regulation of the capital markets of Thailand. This assessment was conducted in February, 2019 as part of the Financial Sector Assessment Program (FSAP) conducted jointly by the International Monetary Fund (IMF) and the World Bank. The financial sector of Thailand shows strong growth and is dominated by banks, which are a major force in other components of the financial sector through separately licensed subsidiaries. The financial system’s assets are equal to 259 percent of GDP (February 2018), with Thailand’s 30 commercial banks (including 15 foreign branches or subsidiaries) holding 46 percent of financial sector assets and eight specialized (state-owned) financial institutions (SFIs) holding 15 percent. The three largest commercial banks account for 46 percent of banking sector assets, lower than that of its peer comparators. Banking sector growth, however, has been stagnant, growing to 156 percent of GDP (2018) from 153 percent (2012). Other segments of the financial sector have experienced higher growth in recent years. The market capitalization of the SET has grown to 104 percent of GDP (up from 67 percent of GDP in 2005, and from 37 percent of GDP in 2008). Insurance sector assets have grown from 10 percent of GDP in 2006 to over 22 percent of GDP in 2016.en
dc.identifierhttp://documents.worldbank.org/curated/en/411501571259528777/Thailand-Assessment-of-Observance-of-the-IOSCO-Objectives-and-Principles-of-Securities-Regulation
dc.identifier.doi10.1596/32613
dc.identifier.urihttps://hdl.handle.net/10986/32613
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSECURITIES MARKET
dc.subjectFINANCIAL OVERSIGHT
dc.subjectREGULATION
dc.titleThailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulationen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleThailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation
okr.date.disclosure2019-10-23
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/411501571259528777/Thailand-Assessment-of-Observance-of-the-IOSCO-Objectives-and-Principles-of-Securities-Regulation
okr.guid411501571259528777
okr.identifier.doi10.1596/32613
okr.identifier.externaldocumentum090224b0871f24d8_1_0
okr.identifier.internaldocumentum31483072
okr.identifier.report142665
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/411501571259528777/pdf/Thailand-Assessment-of-Observance-of-the-IOSCO-Objectives-and-Principles-of-Securities-Regulation.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryThailand
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Securities Markets Policy & Regulation
okr.unitFinance, Competitiveness and Innovation Global Practice
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