1. Introduction
Thailand is an emerging Southeast Asian financial market, comprising an increasingly perfecting network of markets and institutions, which provide a relatively wide range of financial products and services towards domestic and international investors. Thailand financial system, since established in 1940 [1], has experienced the cautious and pragmatic management period in 1960-1970s, the financial liberalization period in late 1980s and early 1990s [2] and the restructuring period after1997 Asia Financial Crisis [3]. Since 2008 financial crisis, Thailand Government implements the Financial Sector Master Plan Phase II to improve the stability, fairness, openness and competitiveness of financial sector.
The Thailand financial institutions (FIs) could generally be divided into three categories – respectively the commercial banks, the specialized financial institutions (SFIs) and the non-banking financial institutions. The FIs in Thailand are well-defined functions and clear division of work. Thailand domestic commercial FIs mainly engage in the activities of corporate bonds, the small and medium-sized (SMEs) loans and other individual consumer loans, while the foreign banks invest in foreign exchange and derivatives. And SFIs work as the conductor of the special project based on the government policy.
2. Regulation of Financial Institutions
The regulatory system is being completed with the development of Thailand financial system reforms over these years. The principle regulator of the Thailand financial markets is the Bank of Thailand (BOT), the Security and Exchange Commission (SEC), the Office of the Insurance Commission (OIC) and the Ministry of Finance (MoF).
The BOT was established in 1942 and empowere...
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...1 (2008, FIBA), see:
[9] [10] BOT (The Bank of Thailand) Press Release, “License for New Foreign Commercial Bank to Operate in Thailand in accordance with the Financial Sector Master Plan Phase II”, No.29/2013.
[11] Thailand. Deposit Protection Agency Act, B.E. 2551 (2008)
[12] The Bank for Agriculture and Agricultural Cooperatives (BAAC).
[13] The Bangkok Bank. Annual Report 2012. Page 80.
[14] The Export-Import Bank of Thailand.
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Introduction Pramuka Savings and Development Bank (PSDB) was incorporated in 1997 as the first private savings bank in Sri Lanka. Mr. Rohan Perera was the founder of Pramuka Bank and was the founder and chief executive officer of Seylan Bank previously. After resigning from Seylan Bank, Mr. Perera applied for license to incorporate a commercial bank from Central Bank Sri Lanka. But Central Bank only gave license to operate a Savings and Development Bank. But that was also a debatable topic.
...onal trade and investment agreements Thailand is more open than before but the production of dairy products, automobile engines and motorcycle assembly are still subject to local manufacturing content, Thailand restrictions.
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If the development of Financial Market in America is like a sturdy adult, I would say the development of Financial Market in China is just like a child. The history of the U.S. financial market was established and has been growing over two centuries. For China, only twenty year has now passed since the financial market was built and growth. The Chinese financial market seems to be immature compared to the U.S. For example, China’s financial market does not have a thorough monitored stock market. The child is just starting to imitate the behavior and follow the step of the adult. However, the child is too young that mistakes always being made. On the other hand, since the child is in his early growth stage, a high level of growth is undertaking and a large progress might be attained. In today's China’s financial market, it is necessary for China to gather finance professionals in development of financial market. As a recent graduate student, working in the finance field less than a year, it is extremely hard for me in making a tiny positive effect on the growth of Chinese financial. However, to be engaged myself to the development of Chinese financial market is my long-term career goal.
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