Prof. Pornanong Budsaratragoon, Ph.D., Secretary-General of the Securities and Exchange Commission (SEC), participated in a high-level panel discussion titled “The Next Generation of Capital Markets: AI, Digitalization and the Future of Finance,” organized by the International Organization of Securities Commissions (IOSCO) and the Asian Development Bank (ADB). The panel also included representatives from Commissione Nazionale per le Società e la Borsa (Consob) of Italy and the Asia Securities Industry & Financial Markets Association (ASIFMA), who exchanged views on the role of technology in shaping the future direction of capital markets. The event was held at Courtyard by Marriott Bangkok Sukhumvit 20, Bangkok, on 15 October 2026.

The SEC Secretary-General also noted that the use of Artificial Intelligence (AI) has become part of the capital market, including in investment services, risk management, regulatory compliance, and customer service, alongside the need to manage risks related to transparency and cybersecurity to maintain market confidence. Regulators must therefore strike a balance between promoting innovation and protecting investors to enhance regulatory effectiveness.

In addition, digitalization and tokenization can help reduce costs, broaden access to the capital market for investors and the public, and strengthen market infrastructure. These developments are built on trust, investor protection, good governance, and transparency, alongside efforts to promote collaboration at both the domestic and international levels, including through IOSCO, APRC, and ACMF, to support the sustainable growth of the capital market.

“The success of the capital market is not measured by how quickly technology can be adopted, but by the ability to bring together Innovation, Resilience and Trust to support the sustainable growth of the capital market,” the SEC Secretary-General said.