The
MoU strengthens the existing relationship between the UK and the SEC,
formalising collaboration in areas including accounting standards; the
development of Financial Technology (FinTech) to facilitate greater access to
finance and business opportunity for Thai FinTech industry; and sustainable finance such as promoting green
bonds and climate risk disclosure for listed companies. Initially, specific
areas of focus will include
green bonds, the fintech ecosystem, e-Know Your Customer, and cybersecurity.
Speaking
at the signing ceremony, Ms. Ruenvadee Suwanmongkol, SEC Secretary General said
“This MoU reiterates the SEC Thailand’s dedication and extensive efforts with
respect to the strategic plan on digital technology and sustainable capital market. It
has indeed come at a crucial time amidst the COVID-19 pandemic as this crisis
has not only been
an accelerating factor for innovation and digitalization of
market participants to cope with its impact but has also emphasized on the importance of being adaptive and
flexible to new opportunities arising from the change in behaviours of market players in
the capital market. The SEC Thailand firmly believes that this MoU will support
the enhancement
of Thai ecosystem for transformation into digital economy and sustainable
growth.”
H.E.
Brian Davidson, the British Ambassador to Thailand said “Financial services
and, in particular, fintech, have played a critical role in supporting businesses
and individuals through the Covid-19 pandemic. Now financial services have an
equally important role to play as we recover - fostering a new, better, greener, more inclusive
economy.
I’m delighted, therefore, that we are today formalising our broad-based collaboration
with the SEC.”
About
the ASEAN Low Carbon Energy Programme
The
ASEAN Low Carbon Energy Programme is funded by the UK’s Overseas Development
Assistance budget under the UK Government’s Prosperity Fund. The programme
seeks
to support ASEAN countries to transition to low carbon societies and realise
economic
and wider benefits as a result. The programme runs from 2019 to 2022.
About
the ASEAN Economic Reform Programme
The
ASEAN Economic Reform Programme is funded by the UK’s Overseas Development
Assistance budget under the UK Government’s Prosperity Fund. It aims to support
sustainable, inclusive economic development in ASEAN countries. The programme
focuses on a) strengthening the business environment through intellectual
property enforcement, regulatory reform, and improved competition policy; b) improving
transparency; and
c) strengthening the financial sector through capital market development,
FinTech capacity and accounting standards. The programme runs from 2019 to
2022.
For media queries, please contact:
British
Embassy Bangkok
Songsang
Jatupornsathien
Communications
Manager
Mobile:
083 988 6766
e-mail:
Songsang.Jatupornsathien@fco.gov.uk
Securities
and Exchange Commission, Thailand
Sasithorn Ongdee
Corporate Communication and Investor Service Department
Mobile: 089
200 1673
e-mail: Press@sec.or.th