Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation
This 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...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/411501571259528777/Thailand-Assessment-of-Observance-of-the-IOSCO-Objectives-and-Principles-of-Securities-Regulation http://hdl.handle.net/10986/32613 |
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okr-10986-326132021-05-25T09:28:57Z Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation World Bank Group International Monetary Fund SECURITIES MARKET FINANCIAL OVERSIGHT REGULATION This 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. 2019-10-23T20:26:53Z 2019-10-23T20:26:53Z 2019-06 Report http://documents.worldbank.org/curated/en/411501571259528777/Thailand-Assessment-of-Observance-of-the-IOSCO-Objectives-and-Principles-of-Securities-Regulation http://hdl.handle.net/10986/32613 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work East Asia and Pacific Thailand |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
SECURITIES MARKET FINANCIAL OVERSIGHT REGULATION |
| spellingShingle |
SECURITIES MARKET FINANCIAL OVERSIGHT REGULATION World Bank Group International Monetary Fund Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation |
| geographic_facet |
East Asia and Pacific Thailand |
| description |
This 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. |
| format |
Report |
| author |
World Bank Group International Monetary Fund |
| author_facet |
World Bank Group International Monetary Fund |
| author_sort |
World Bank Group |
| title |
Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation |
| title_short |
Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation |
| title_full |
Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation |
| title_fullStr |
Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation |
| title_full_unstemmed |
Thailand - Assessment of Observance of the IOSCO Objectives and Principles of Securities Regulation |
| title_sort |
thailand - assessment of observance of the iosco objectives and principles of securities regulation |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/411501571259528777/Thailand-Assessment-of-Observance-of-the-IOSCO-Objectives-and-Principles-of-Securities-Regulation http://hdl.handle.net/10986/32613 |
| _version_ |
1764476920275140608 |