No products in the cart.
BOT Plans Rules on Virtual Banks and Open Banking
BANGKOK (NNT) – The Bank of Thailand (BOT) has said it is planning new policy guidelines for the banking sector, including virtual banks and open banking, for later this year.
The central bank said in a statement that it will publish guidelines for a public hearing on a virtual bank licensing framework and for the sector’s engagement in digital businesses by the second quarter of this year.
The BOT also said directions on open banking policy will be announced in the third quarter of 2022.
It added that the new guidelines will reflect previous recommendations from the central bank aimed at repositioning Southeast Asia’s financial sector to serve a sustainable digital economy.
Information and Source
Reporter : Natthaphon Sangpolsit
Rewriter : Paul Rujopakarn
National News Bureau : http://thainews.prd.go.th
Related Posts
Government to Speed Up EV Production Plans
BANGKOK (NNT) - Thailand is speeding up its plan to manufacture electric vehicles (EVs) for domestic use by 2023.Prime...
New Business Registrations Indicate Signs of Economic Recovery
BANGKOK (NNT) - The Ministry of Commerce has released business registration figures for May, indicating that food and tourism...
Gradual Hikes Expected for Policy Interest Rates
BANGKOK (NNT) - The Bank of Thailand (BOT) has said any hikes in its benchmark interest rate to tame...
