BSP, Bank of Thailand sign MOU

BANGKO Sentral ng Pilipinas Governor Nestor A. Espenilla, Jr. and Governor Veerathai Santiprabhob of the Bank of Thailand signed on Dec. 7 in Bangkok, Thailand a memorandum of understanding (MOU) on banking supervision.

The MOU serves as a foundation for effective supervision of banking institutions operating in both countries, in accordance with the Basel core principles for effective banking supervision.

The MOU details the two authorities’ commitment to greater information exchange and cooperation in the areas of licensing, on-site examinations, supervisory colleges, and crisis management. (PR)
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