The SEC moves forward to drive 8 strategic plans 2021 – 2023 to answer the five goals “Rehabilitation and Strength – Sustainability – Access – Competitive and Connectable – Reliable” covering and linking all dimensions to the National Strategic Plan. National Economic and Social Development Plan Capital Market Development Plan And an ad hoc master plan under the national strategy
Mr. Archom Termpittayapaisit Minister of Finance Addressed in a special lecture on the topic “The role of the capital market and the country’s economic development in 2021” that the Securities and Exchange Commission (SEC) is considered to play an important role in regulating and developing Thai capital markets. Reliable Efficient And all sectors have access To make the capital market a mechanism that links between businesses that need capital and investors. Which will be beneficial for business expansion Employment, promoting the competitiveness of domestic affairs And the overall economic benefits of the country in the past, the SEC has always worked closely with the government sector.
In terms of capital markets, there are 5 important issues as follows: (1) Facilitating businesses with COVID-19 problems can continue their business operations (2) Creating access to the capital market, both investment and funding. To help reduce the country’s inequality (3) to raise confidence and strengthen the competitiveness of the capital market (4) Sustainable finance where capital markets can drive money allocation Funding towards social, environmental and governance economic activities (ESG) and (5) technology and innovation. Both in terms of development to enhance efficiency and regulate and protect investors appropriately. In addition to digital assets, the SEC must supervise and educate investors. To be aware of and have risk management as well. The Minister of Finance said.
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SEC Chairman Pichit Akaratit said capital markets play an important role in supporting the country’s economic and social development. The SEC has laid out the SEC’s strategy in 2021. – 2023 to match the role Along with assessing the current situation Analyze trends of significant changes (megatrends) and listen to stakeholders’ opinions in a comprehensive manner. To aim to truly meet the needs of the country and the needs of the target audience As well as giving importance to the development of the SEC organization To be strong, have the potential, ready for change And able to drive missions
Ms. Ruenwadee Suwannamongkol, secretary-general of the SEC, said that the SEC Strategic Plan for the year 2021 – 2023 has taken into account the connection between the National Strategic Plan and the Thai Capital Market Development Plan. Including the changing context and the modern financial world This brings opportunities and challenges to both the Thai capital market business sector and regulators by setting five goals and prioritizing them. In order to be able to dedicate resources appropriately to meet the current and important problems of both issues, which are urgent issues to strengthen liquidity and support the growth of the Thai economy to be strengthened and capable of Continued competition (recovery & strengthening) and ongoing action issues. To give the Thai capital market credibility and have a strong foundation for the Thai capital market to grow sustainably (resilience).
“The SEC’s strategic plan in 2021 – 2023 maintains 4 goals and 7 strategies from the SEC Strategic Plan 2020 – 2022. “Rehabilitation and strength” and add ad hoc strategies To provide the capital market with unobstructed rules and tools to help enhance liquidity for businesses affected by COVID-19, a total of 5 goals and 8 strategies as follows:
(1) Creating a capital market environment that is conducive to sustainable capital market development.
(2) Promote people to have long-term financial health. Having sufficient long-term savings and investments to support retirement (Financial well-being)
(3) Support access to funding for SMEs & startups growth and financing.
(4) increase competitiveness And creating opportunities from international connections (Enabling regulatory framework & connectivity)
(5) Use digital technology to increase capital market potential and improve governance (Digital for capital market).
(6) Enhance the regulatory and enforcement capabilities in the Thai capital market (Effective supervision & enforcement).
(7) can monitor and assess systemic risk as much as possible
(8) Create rules that do not hinder and promote liquidity-enhancing tools for businesses facing problems from the COVID-19 (Supporting liquidity) situation, which is an ad hoc strategy.
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