Distorted policies and actions aimed at political or personal monetary gains can limit the ability of future generations to meet their own needs. Despite years of anticorruption campaigns, Thailand’s level of corruption has been largely unchanged3. In addition, practices in the financial sector have also been the culprits of corruption. Insider trading, market manipulation, money laundering, favoritism in credit decision, and misselling of products are just some of the corruptive practices that have led regulators, including the Bank of Thailand, to tighten our code of conduct and market conduct supervision. Ultimately, these challenges are byproducts of actions taken without regard for moderation, responsibility, and long-term consequences, and they should serve as a wake-up call for all of us. For without a proper remedy, we would be transferring unfair burden to future generations, thus impairing long-term sustainability and prosperity. How did we allow these challenges to get out of hand? That is because we take for granted that someone else will step up to resolve them when in fact they are our collective problems and our collective responsibilities to take action. 3  Thailand’s Corruption Perception Index has a narrow score range of 35 to 38 between 2012 and 2017. Transparency International, 2018. 4/6  Ladies and gentlemen, Our financial sector can take the lead in making impactful changes with regard to sustainability as all of us play key roles in allocating one of the most important resources—that is the financial resources. As stated earlier, a number of welcoming developments are taking place in our financial sector.
Scenarios however, are not projections, predictions or preferences but rather it provides a way of making sense of uncertainties and in addition it challenges our assumptions about what the future holds. Scenario building today is synonymous with thinking broadly and more freely about a problem, enlarging the frames of reference and involving different worldviews, rather than seeing a situation from a single perspective. Essentially scenario planning interventions have been most useful in supporting the construction of multiple frames of future states of possibilities. The process of scenario planning enhances the evaluation and integration of information and promotes contingency planning. Scenarios are also important for risk management. As risk is inherent in any business activity the framework becomes a useful tool in risk assessment and management. Most of all a major risk in the current environment is the lack of preparedness for how the environment might change and for the new challenges that may emerge. To attempt to predict these changes in any specific manner in this environment would be highly speculative. The risk management process therefore involves preparing for, rather than attempting to predict the change. This would promote an increased level of preparedness to cope with the inevitable changes. Scenarios also help to connect strategies and action plans to our visions. Using scenarios will essentially widen our perspectives, increase our understanding of the issues and developments. It also allows us to see opportunities that we may otherwise miss. New developments emerging would be seen from different angles and perspectives.