Supervision Group 1 (SG1)
SG1 is responsible for supervising and examining commercial banks, financial and credit foncier companies, monitoring and assessing risks to financial institutions, and also supervising, examining and evaluating FIs' quantitative tools or risk model. There are 4departments under the SG 1 as follows:
Banking Supervision Department 1-2 (BD1-2)
BD1-2 is responsible for conducting examination and assessment of risks of commercial banks , finance companies and credit foncier companies focusing on significant activities , financial performance and capital adequacy provisioning , earning , capability, corporate governance and compliance to determine the level of inherent risks and quality of risk management , the effectiveness of 3 lines of defense or Bank’s management will be notified of any weaknesses and are required to take corrective actions in a timely manner.
Banking Supervision and Risk Assessment Department (SRD)
SRD is responsible for
1) supervising financial institutions under the department’s purview by examining and monitoring the financial institutions’ risk management with a particular focus on major transactions (Significant Activities), assessing financial conditions as well as evaluating their capital adequacy and provisioning, earning performances, corporate governances and compliance with laws and regulations.
2) monitoring and assessing risks to financial institutions as well as the dynamics of their operations and financial conditions both at individual institution level and system-wide to support on-going supervision and the formulation of related policies pertaining financial institutions.
3) developing and upgrading processes to resolve troubled financial institutions or financial system under liquidity or solvency problems, which includes conducting crisis simulation exercises in coordination with relevant departments on a regular basis.
4) developing innovative technology to support supervisory functions to enhance efficiency in risk monitoring and supervisory process, managing and controlling standard of financial institution data usage within supervision group.
Risk Assessment and Modeling Department (RAD)
RAD is responsible for supervising, examining and evaluating FIs' quantitative tools or risk model used in risk management and/or capital calculation for credit risk, market risk and operational risk e.g., Internal Rating Based (IRB) Approach, Internal Model Approach, Contingent Loss, Advance Measurement Approach (AMA), including the assessment of Bottom-up Stress Testing conducted by FIs.
Supervision Group 2 (SG2)
SG 2 is responsible for supervising and examining SFIs and Non-banks, supervising financial institutions on market conduct issues, and also strategic planning and examiner developing. There are 4departments under the SG 2 as follows:
Specialized Financial Institutions Supervision and Examination Department (SED)
SED is responsible for conducting on-site examination, off-site monitoring, and risk assessment, focusing on major transactions (Significant Activities: SA) of Specialized Financial Institutions (SFIs) ; overseeing corporate governance practices, compliance with the BOT's regulations and risk management and control of the SFIs; as well as issuing SFIs regulations, granting approvals or waivers to the SFIs in order to ensure that each SFI’s mandate be practically carried out and to ensure the safety and soundness of the SFIs and the stability of financial system.
Financial Service Provider Supervision Department (SSD)
SSD is responsible for examining asset management companies and non-banks in compliance with the conditions, criteria of BOT's notifications, and consumer protection. Furthermore, supervises and examines The National Credit Bureau to be in accordance with the law, and acts as secretariat of the Credit Information Protection Committee.
Financial Consumer Protection and Market Conduct Department (FCD)
FCD is responsible for formulating regulations and guidelines as well as supervising financial institutions, both on-site and off-site, on market conduct issues in order to ensure that financial service providers’ sales are not the forced, fraudulent , intrusive and exploited. FCD also formulates and enforces market conduct notifications in order to improve quality of end-to-end-process of risk management. Besides, disclosure of product information and quality of services are sufficiently provided to ensure for better decisions of customers and to encourage fair competition in the Thai financial system.
Also, FCD is responsible for operation of “Debt Clinic” which aims to help people to restructure their debt burden and encourage good financial discipline for not being indebtedness again, that will lead to their financial stability.
FCD collaborates with other regulators for an effective market conduct supervision. In addition, FCD gives advices on financial issues, handles complaints on financial services regarding service providers under BOT regulation for proper solutions.
Planning and Examiner Development Department (PDD)
PDD is responsible for formulating strategic plan of SVG, conducting annual on-site examination plan, enhancement the effectiveness of supervision, examination and monitoring of financial institutions, developing supervision manuals in line with international standards, arrangement training program to broaden knowledge and to enhance competency of examiners, handling as co-host to hold a meeting and seminar with international or domestic organizations for SVG and prepares annual action plan and budget in accordance with the BOT strategic objectives.