The new MoU is aimed at strengthening the strategic partnership between the countries and continuing to support Thailand’s goals to promote financial inclusion and sustainable growth, the government said.
Under a previous MoU with Thailand, the UK assisted on a range of BoT projects, including initiatives to strengthen accounting standards and support the resilience of the country’s financial system.
The new MoU has been enabled by the UK-funded ASEAN Economic Reform Programme and the UK’s Partnering for Accelerated Climate Transitions Programme.
Mark Gooding, the British ambassador to Thailand, commented: “As a global leader in financial services, the UK views finance not only as key to business but as critical sustainable, inclusive global growth.”
He added: “We are proud to continue our partnership with Thailand on financial services with a particular focus on finance’s cutting edge – sustainable finance and digital finance.”
The UK government has signed a Memorandum of Understanding (MoU) with the Bank of Thailand (BoT) on financial services cooperation.
The UK will collaborate with Thailand to enhance its regulatory framework, as a key initiative for the BoT is to reposition the country’s financial sector towards a sustainable digital economy.
Latest News
-
JPMorgan becomes final major Wall Street bank to exit climate alliance
-
Visa and Qashio partner on B2B travel payments solution
-
Novo Banco fires chief risk officer amid suspicious transactions probe
-
Lloyds and Mastercard to lead next CFIT coalition
-
Open Banking platform Money Squirrel launches in the UK
-
HSBC appoints new US chief executive
.jpg)
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories