The Nation
August 26, 2012
The Bank of Thailand (BOT) on August 25 signed a memorandum of understanding (MoU) on Exchange of Banking Supervision Information with the National Bank of Cambodia (NBC), the regulator of financial institutions in Cambodia.
The MoU provides a formal basis for banking supervisory cooperation between the two authorities. It allows for supervisory cooperation between BOT and NBC
in areas of information sharing and communication during the licensing
process and ongoing supervision of banks operating under their
respective supervisory responsibility.
The MoU was signed by Dr. Chea Chanto, governor of the NBC, and Bank of Thailand Governor Prasarn Trairatvorakul.
The MoU followed several the BOT signed with other central banks in
neighbouring countries. Recently, it agreed to provide technical
assistance to Myanmar and Laos.
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