Publication: Thailand - Detailed Assessment of Observance: Basel Core Principles for Effective Banking Supervision
Date
2019-06
ISSN
Published
2019-06
Author(s)
International Monetary Fund
World Bank Group
Abstract
This assessment of the implementation of
the BCP by the BOT is part of the FSAP undertaken by the IMF
and the World Bank. The assessment was performed October 25
through November 16, 2018 and is based on the regulatory and
supervisory framework in place at the time of this visit.
Compliance was measured against standards issued by the
Basel Committee on Banking Supervision (BCBS) in 2012.1
Since the previous assessment, conducted in 2008, the BCP
standards have been revised and reflect the international
consensus for minimum standards based on global experience.
The view is that supervision should be based on a process
involving well-defined requirements, supervisory onsite and
offsite determination of compliance with requirements and
risk assessments, and a strong program of enforcement and
corrective action and sanctions. The 2012 revision placed
increased emphasis on corporate governance, on supervisors
conducting reviews to determine compliance with regulatory
requirements, and on thoroughly understanding the risk
profile of banks and the banking system. The assessors
appreciated the high quality of cooperation received from
the authorities. The mission extends its thanks to the staff
of the BOT for its excellent cooperation and hospitality.
The BOT provided a comprehensive and detailed
self-assessment and granted access to supervisory manuals,
onsite inspection reports, monitoring reports, and risk assessments.
Citation
“International Monetary Fund; World Bank Group. 2019. Thailand - Detailed Assessment of Observance; Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/32614 License: CC BY 3.0 IGO.”