Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision
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...
| Main Authors: | , |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/837421571258887964/Thailand-Detailed-Assessment-of-Observance-Basel-Core-Principles-for-Effective-Banking-Supervision http://hdl.handle.net/10986/32614 |
| id |
okr-10986-32614 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-326142021-05-25T09:45:16Z Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision International Monetary Fund World Bank Group BANKING SUPERVISION FINANCIAL INSTITUTIONS FINANCIAL OVERSIGHT FINANCIAL INFRASTRUCTURE CORPORATE GOVERNANCE ACCOUNTING DISCLOSURE REGULATORY FRAMEWORK PRUDENTIAL REQUIREMENTS REGULATION 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. 2019-10-23T20:34:50Z 2019-10-23T20:34:50Z 2019-06 Report http://documents.worldbank.org/curated/en/837421571258887964/Thailand-Detailed-Assessment-of-Observance-Basel-Core-Principles-for-Effective-Banking-Supervision http://hdl.handle.net/10986/32614 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 |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
BANKING SUPERVISION FINANCIAL INSTITUTIONS FINANCIAL OVERSIGHT FINANCIAL INFRASTRUCTURE CORPORATE GOVERNANCE ACCOUNTING DISCLOSURE REGULATORY FRAMEWORK PRUDENTIAL REQUIREMENTS REGULATION |
| spellingShingle |
BANKING SUPERVISION FINANCIAL INSTITUTIONS FINANCIAL OVERSIGHT FINANCIAL INFRASTRUCTURE CORPORATE GOVERNANCE ACCOUNTING DISCLOSURE REGULATORY FRAMEWORK PRUDENTIAL REQUIREMENTS REGULATION International Monetary Fund World Bank Group Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision |
| geographic_facet |
East Asia and Pacific Thailand |
| description |
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. |
| format |
Report |
| author |
International Monetary Fund World Bank Group |
| author_facet |
International Monetary Fund World Bank Group |
| author_sort |
International Monetary Fund |
| title |
Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision |
| title_short |
Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision |
| title_full |
Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision |
| title_fullStr |
Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision |
| title_full_unstemmed |
Thailand - Detailed Assessment of Observance : Basel Core Principles for Effective Banking Supervision |
| title_sort |
thailand - detailed assessment of observance : basel core principles for effective banking supervision |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/837421571258887964/Thailand-Detailed-Assessment-of-Observance-Basel-Core-Principles-for-Effective-Banking-Supervision http://hdl.handle.net/10986/32614 |
| _version_ |
1764476922201374720 |