The Securities and Exchange Commission (SEC) aims to strengthen trust and confidence in the Thai capital market while focusing on the green economy over the next 3-5 years, says secretary-general Pornanong Budsaratragoon.
"For the next 3-5 years, the SEC aims to raise the level of credibility of the Thai capital market, increasing confidence through the supervision and enforcement of laws to be more efficient," she said.
With the timely detection of abnormalities, perpetrators can be punished quickly and receive appropriate penalties, said Ms Pornanong.
There must be coordination, cooperation and harmonisation with market participants to improve the performance quality and efficiency in the capital market's value chain, she said.
"The SEC believes upgrading the value chain will help strengthen confidence in the capital market. It is the foundation for helping to alleviate impacts and turn crises into opportunities," Ms Pornanong said.
The regulator also wants to better develop the capital market by shifting the focus to adapting to digital and green economies, aiming to reduce inequality and enhance people's well-being in a sustainable way, she said.
"The goal is to create a balance between the supervision and development of the capital market, which should have a significant impact on the sustainability of the country going forward," said Ms Pornanong.
She said the SEC strategic plan for 2024-26 aims to achieve four main goals, with the main one ensuring capital market reliability through the provision of trust and confidence.
"We want to develop the capital market as an important driving force towards a digital economy and a mechanism for sustainability, giving investors the potential to create good financial health," Ms Pornanong said.
The SEC determined an innovation-oriented organisational plan can be a major factor in effectively promoting its mission, she said.