Thai, Chinese banking authorities sign oversight pact

WEDNESDAY, JULY 26, 2017
Thai, Chinese banking authorities sign oversight pact

The Bank of Thailand and China Banking Regulatory Commission this week signed 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.
The MOU sets out in greater detail the two authorities’ commitment to fostering additional information exchange and cooperation in the areas of licensing, on-site examinations, supervisory colleges and crisis management.