THAILAND
82
INTERNATIONAL MONETARY FUND
aspects, such as governance, credit process, accounting
and information disclosure, etc. As part of
the screening process, SFI examination results have to go through the BoT subcommittee. The final
examination report will be submitted to both the MOF and SFI’s Board. It is worth noting that the
regulatory formulation process for SFIs is separated from that
of commercial banks, whereby the
draft of SFIs regulations are reported to FIPC only for acknowledgement before submitting to the
MOF for approval.
56. The authorities share the view of the recommended action to continue reforms to
supervise deposit-taking SFIs with the same standards as commercial banks. However, we
would like to stress that such reform efforts should take into account: (1) the SFIs' respective
mandates to fulfill financial gap and foster economic development; (2) capability and readiness of
the SFIs; and (3) mutual understanding/agreement among relevant authorities.
57. To further strengthen cooperation, coordination and information sharing among key
regulatory agencies, an existing Three-Regulator Steering Committee (3RSC) serves as a
platform for regular exchange of information and coordination in respect of all financial
sector surveillance and regulatory policy issues. 3RSC has been established as a non-statutory
body outside of the BoT, comprising the BoT Governor, the SEC, and the OIC Secretary-Generals as
well as high-level executives of these regulatory agencies. The 3RSC meets at least quarterly to
discuss
policy-related issues, share information, and coordinate their regulatory policies. The MOF
also attends the 3RSC meeting on a regular basis. The newly established 3RSC working group on
crisis preparedness includes other relevant agencies such as DPA and FIDF. Currently, the Thai
authorities are discussing the possibility of setting up an overarching and advisory body with respect
to financial stability risks.
Do'stlaringiz bilan baham: 
