The Financial Sector Assessment Program (FSAP), stablished in 1999, is a comprehensive and in-depth assessment of a country’s financial sector, jointly developed by the International Monetary Fund (IMF) and the World Bank. The program aims to examine the stability and soundness of the financial sector, as well as its potential contribution to the country’s growth and development. The assessment covers various aspects of the financial system, including banking, securities and insurance sectors, payment and settlement systems, monetary and financial policy transparency, and anti-money laundering.
As part of an FSAP undertaken in Thailand in 2007, the Securities and Exchange Commission, Thailand (SEC) participated in an assessment of securities market regulation. Results of the assessment indicate a satisfactory level of compliance with international standards, with fundamentally sound, secure, efficient and reliable regulatory framework for supervision of the capital market and securities settlement systems. Recommended plans of action were provided to address any identified deficiencies in the legal framework. 2007 Full assessment report can be found here: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22939.0