Britain, Thai SEC agree to financial services partnership
Thursday, 09 03 2020, Category: Economy, Country: Asia
The British government and Thailand's Securities and Exchange Commission (SEC) signed a memorandum of understanding (MoU) to establish a financial services partnership.
The collaboration aims to support sustainable, inclusive, low-carbon economic growth and recovery in Thailand through the financial services sector.
The MoU strengthens the existing relationship between Britain and the Thai SEC, formalising collaboration in areas including accounting standards; the development of fintech to facilitate greater access to finance and business opportunity for Thailand's fintech industry; and sustainable finance such as promoting green bonds and climate risk disclosure for listed companies.
Initially, specific areas of focus will include green bonds, the fintech ecosystem, e-Know Your Customer and cybersecurity.
"This MoU reiterates the SEC's dedication and extensive efforts with respect to the strategic plan on digital technology and sustainable capital market," said SEC secretary-general Ruenvadee Suwanmongkol.