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BoT urges banks to make service fees fairer, raise data privacy standards

BoT urges banks to make service fees fairer, raise data privacy standards

November 26, 2019

Thais are receiving fairer financial services compared to three years ago, the Bank of Thailand said, urging banks to make service fees fairer, raise data privacy standards when using customer information, and curb “annoying” product offerings. Promoting fair market conduct is part of BoT’s three-year strategic plan (2017-2019), said Thanyanit Niyomkarn, assistant governor, Supervision Group 2.

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