Featured Product

    UK Signs MoU to Support Thailand with Sustainable Development

    August 14, 2020

    The UK government announced that UK and BOT signed a Memorandum of Understanding on August 07, 2020, forming a strategic partnership on financial services to support inclusive economic recovery and green growth of Thailand, in line with the Sustainable Development Goals. Under the Memorandum, UK and BOT agreed to collaborate to strengthen accounting standards, enhance corporate governance and transparency, support development of fintech, and promote sustainable finance. The collaboration is enabled by the UK’s ASEAN Economic Reform and ASEAN Low Carbon Energy Programs.

    The collaboration will share strategic knowledge and expertise on new financing trends, regulatory practices,and products and services. While speaking at the signing ceremony, Mr. Veerathai Santiprabhob, the BOT Governor highlighted that the worsening effects of climate change have impacted business operations and their credit quality, to which financial institutions need to pay close attention. This cooperation will play an important role in supporting BOT "to foster a regulatory framework that promotes agility and innovation while preserving financial stability." He added that this will "facilitate financial service providers to better embed the concept of sustainability, particularly the environment aspect, into their organizational culture and business conduct." 

     

    Related Link: News Release

     

    Keywords: Europe, Asia Pacific, UK, Thailand, Banking, Insurance, Securities, Sustainable Development Goals, Fintech, Sustainable Finance, Climate Change Risk, BOT

    Related Articles
    News

    APRA Decides to Standardize Submission Date for Quarterly Reporting

    APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.

    May 11, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Supporting Documentation for Reporting by Banks

    Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.

    May 11, 2021 WebPage Regulatory News
    News

    ECB Working Group Publishes Recommendations on EURIBOR Fallbacks

    The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).

    May 11, 2021 WebPage Regulatory News
    News

    EBA Publishes Phase 1 of Reporting Framework 3.1

    EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).

    May 10, 2021 WebPage Regulatory News
    News

    APRA to Finalize Capital Adequacy Standard Revisions by January 2022

    Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA

    May 10, 2021 WebPage Regulatory News
    News

    ESMA Issues Guidelines on Outsourcing to Cloud Service Providers

    ESMA published the final guidelines on outsourcing to cloud service providers.

    May 10, 2021 WebPage Regulatory News
    News

    EBA Publishes Data on Deposit Guarantee Schemes

    EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.

    May 10, 2021 WebPage Regulatory News
    News

    OSFI Sets Out Plan for Future Guidance on Managing Technology Risk

    OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.

    May 10, 2021 WebPage Regulatory News
    News

    MAS Updates Housing Loan Rules, Proposes Corporate Governance Guidance

    MAS updated rules for new housing loans by banks and finance companies.

    May 10, 2021 WebPage Regulatory News
    News

    HKMA Publishes Guideline on Sustainable Finance Grant Scheme

    HKMA published a statement on the 100% Personal Loan Guarantee Scheme and a guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme) as announced in the 2021-22 Budget.

    May 09, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6960