IMF wants tighter oversight of SFIs | Bangkok Post: business

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IMF wants tighter oversight of SFIs

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The International Monetary Fund (IMF) is urging the Finance Ministry and the Bank of Thailand to step up regulation and supervision of specialised financial institutions (SFIs) and non-bank financial institutions. 

In its annual report released yesterday, the IMF said SFIs can be a source of contingent fiscal liability and heightened financial risk, while non-bank financial institutions are expanding and could pose a risk to financial stability.

Lending by SFIs has risen sharply in recent years, reaching 27% of total banking credit last year from 18% in 2003.

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