BoT makes internal changes to keep upThe Bank of Thailand aims to overhaul its working structure over the next three years. A central financial structure that is secure and stable that meets international standards is needed, he said. Regulations need to be updated to match the digital financial world and financial business is encouraged to compete at a level playing field, he said, adding that risks outside the banking system and from the digital financial world must not affect the stability of financial and payment systems. Given monetary and fiscal policy limitations, the monetary policy framework must be combined with other policy tools to achieve macroeconomic and financial stability goals. International reserve management must facilitate an adjustment to the digital financial world and the changing global financial structure.

Source: Bangkok Post November 26, 2019 00:22 UTC