Thai central bank plans rules on virtual banks, open banking 

Thailand's central bank said on Friday it is planning new policy guidelines for the banking sector, including virtual banks and open banking, for later this year.

The Bank of Thailand (BOT) will publish guidelines for a public hearing on a virtual bank licensing framework and for the sector's engagement in digital businesses by the second quarter of this year, it said in a statement https://www.bot.or.th/English/PressandSpeeches/Press/2022/Pages/n1565.aspx.

Directions on open banking policy will be announced in the third quarter of 2022, the BOT said.

The new guidelines will reflect previous recommendations from the central bank aimed at repositioning Southeast Asia's financial sector to serve a sustainable digital economy, it said.

( Details and picture courtesy GN, the content is auto-generated from news agency feed.)

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