The Financial Institutions Policy Committee (FIPC)
The Financial Institutions Policy Committee (FIPC) is one of the main committees of the Bank of Thailand. The FIPC is responsible for setting prudential policy, regulations and supervisory practices to ensure the safety and soundness of financial institutions.
Composition of the Financial Institutions Policy Committee (FIPC)
Mr.Prasarn Trairatvorakul
Governor
Chairman |
Mr.Krirk Vanikkul
Deputy Governor
Vice Chairman |
Mrs.Suchada Kirakul
Deputy Governor
Member |
Mr.Somchai Sujjapongse
FPO Director-General
Member |
Mr.Vorapol Socatiyanurak
SEC Secretary-General
Member |
Mr.Pravej Ongartsittigul
OIC Secretary-General
Member |
Mr.Charamporn Jotikasthira
Member |
Mr.Borwornsak Uwanno
Member |
Mrs.Jaruporn Viyanant
Member |
Mrs.Sauwanee Thairungroj
Member |
Mr.Achporn Charuchinda
Member |
|
Authority, Duties and Responsibilities
1. determine policies concerning supervising and examining the financial institutions
2. monitor the BOT’s operation regarding a banker to financial institutions and the supervision and examination of financial institutions
3. determine policies concerning financial institutions
4. determine policies on opening and closing branches of the financial institutions
5. determine financial proportion, which financial institutions are subjected to comply with under the law on financial institutions businesses
6. give an opinion or recommendation concerning the establishment of a new financial institution