On November 13, 2024, the Bank of Thailand (BOT) held its annual Supervisory College meeting for 2024. The meeting aimed to exchange views and experiences on financial institution supervision among 10 regulatory agencies from various countries. The meeting was chaired by Dr. Roong Mallikamas, Deputy Governor for Financial Institutions Stability.

Representatives of financial regulatory organizations from various countries, including the National Financial Regulatory Administration, Hong Kong Monetary Authority, Otoritas Jasa Keuangan, Bank of the Lao P.D.R, National Bank of Cambodia, Japan Financial Services Agency, Bank of Japan, Bank Negara Malaysia, Central Bank of Myanmar and Financial Supervisory Commission convened to discuss current challenges in the financial and banking sector.  Key topics included financial system stability, technological advancements, and financial fraud prevention. They also explored strategic directions to facilitate the transition to sustainable banking, discussed revisions on supervisory guidelines to align with the Basel Committee on Banking Supervision (BCBS) and reviewed the potential future impact.

Additionally, In the afternoon session, CEOs and senior executives from Bangkok Bank Public Company Limited and Kasikornbank Public Company Limited presented insights on their businesses, financial performance and risk management strategies with regulators of related countries.

This meeting provided an important opportunity to enhance long-term financial institution supervision, strengthen relationships, and foster cooperation between the Bank of Thailand and host regulators from various countries. This will contribute positively to the future development of financial institution supervision.