1. IntroductionThailand is an emerging financial market in Southeast Asia, comprising an increasingly sophisticated network of markets and institutions, which offers a relatively wide range of financial products and services to domestic and international investors. The Thai financial system, established since 1940 [1], experienced the period of prudent and pragmatic management in the 1960s-1970s, the period of financial liberalization in the late 1980s and early 1990s [2] and the period of restructuring after the Asian financial crisis of 1997 [3]. Since the 2008 financial crisis, the Thai government has been implementing Phase II of the Financial Sector Master Plan to improve the stability, fairness, openness and competitiveness of the financial sector. Thai financial institutions (FIs) can generally be divided into three categories – commercial banks, specialized financial institutions (FSIs) and non-bank financial institutions, respectively. FIs in Thailand have well-defined functions and a clear division of labor. Thai commercial financial institutions are mainly engaged in business related to corporate bonds, small and medium enterprise (SME) loans and other individual consumer loans, while foreign banks invest in foreign exchange and commodities. derivatives. And SFIs work as conductors of the special project based on government policy.2. Regulation of Financial InstitutionsThe regulatory system is being supplemented by the development of Thai financial system reforms during these years. The main regulator of Thai financial markets is the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), the Office of Insurance Commission (OIC) and the Ministry of Finance (MoF). The BOT has was established in 1942 and empower... middle of article ......1 (2008, FIBA), see:[9] [10] BOT (Bank of Thailand) Press Release, “License for a new foreign commercial bank to operate in Thailand in accordance with Phase II of the Financial Sector Master Plan”, No. 29/2013.[11] Thailand. Law on the Deposit Protection Agency, BE 2551 (2008)[12] Bank of Agriculture and Agricultural Cooperatives (BAAC).[13] The Bank of Bangkok. Annual report 2012. Page 80.[14] The Export-Import Bank of Thailand.