Central bank steps up non-bank oversight
The Bank of Thailand is strengthening its supervision of lending and payment services provided by non-banks to ensure fair treatment of consumers and curb irregular transactions, according to its governor.
The Bank of Thailand is intensifying its monitoring of lending and payment services provided by non-bank entities to safeguard consumer rights and mitigate illicit activities, stated its governor. Consumer protection and the prevention of fraudulent transactions are the primary objectives of this enhanced oversight. Non-bank institutions are subject to stricter regulations and increased scrutiny to ensure fair and transparent practices.
The central bank's governor emphasized the importance of maintaining consumer confidence and preventing irregular transactions. The move comes as part of the central bank's commitment to maintaining the stability and integrity of the financial system. The bank's governor expressed confidence that these measures will lead to a more secure and reliable financial environment for consumers.
Written by urgent.news from Bangkok Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Central bank steps up non-bank oversight bangkokpost.com
