UK and Thailand collaborate on FS regulatory framework

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.

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