January 11, 2023
1 min read

UK, SEC Thailand sign MoU on financial services

The new MOU will focus on supporting Thailand to further develop the regulatory environment for the FinTech sector, promote sustainable finance…reports Asian Lite News

The UK Government and the Securities and Exchange Commission of Thailand (SEC Thailand) signed a new Memorandum of Understanding (MoU) on Financial Services to further strengthen their partnership in the financial sector.

The MoU aims to promote inclusive economic growth and support Thailand on the transition towards low carbon and sustainable economy. It builds on the previous MoU under which the two parties have been collaborating for the past few years.

Under the previous MoU, the UK and the SEC Thailand worked together with the UK providing technical assistance in areas including accounting standards, the development of financial technology (FinTech) ecosystem, sustainable finance such as green bonds and climate risk disclosure for listed companies, e-Know Your Customer (e-KYC) and cybersecurity.

The new MOU will focus on supporting Thailand to further develop the regulatory environment for the FinTech sector, promote sustainable finance, and increase awareness of sustainable investment in Thailand and other ASEAN countries.

The cooperation will be funded by the UK’s ASEAN Economic Reform Programme and the UK’s Partnering for Accelerated Climate Transitions Programme, which support knowledge and expertise sharing, and regular practices on financial technology and sustainable finance.

Ruenvadee Suwanmongkol, Secretary-General of SEC Thailand, said, “FinTech and sustainable finance are key areas emphasized by SEC Thailand. We strongly believe that the new MoU with the UK Government will support the enhancement of the financial ecosystem as well as promote the development for inclusive and sustainable economic growth.”

Recognising the partnership, Mark Gooding, His Majesty’s Ambassador to Thailand, said, “Financial services are a key driver of the modern economy. We are proud to take another step in our long-time partnership with SEC Thailand with a particular focus on the cutting edge of finance: FinTech and sustainability.”

The previous MoU was signed on 1 September 2020. Read MoU on Financial Services Year 2020.

ALSO READ: Poll paints bleak picture for Sunak in 2024

Previous Story

UK introduces laws to mitigate disruption of strikes on public

Next Story

Last king of Greece passes away

Latest from -Top News

India Shows Sport Can Defeat Terror

India’s response to militancy blends military strength with a “softer” statecraft: sport….reports Asian Lite News The 60th session of the United Nations Human Rights Council in Geneva (8 September–8 October 2025) cast

Terror and Repression: Bangladesh Exposed in Geneva

Diplomats warn Bangladesh under Yunus risks instability, extremism, and civil conflict….reports Asian Lite News The Geneva-based rights group International Forum for Secular Bangladesh (IFSB) held a powerful poster exhibition in Geneva, drawing

‘South Sudan on brink of new war’

UN High Commissioner for Human Rights Volker Turk says peace deal risks collapse as nearly 2,000 civilians killed this year…reports Asian Lite News South Sudan is teetering on the edge of another
Go toTop

Don't Miss

Macron blasts ‘ineffective’ UK’s Rwanda law

“I don’t believe in the model … which would involve

Modi living bridge between UK and India, says Lord Ahmad

Speaking at today’s Vibrant Gujarat Summit, the British Minister acknowledged