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SEC signs MOU with 12 organizations to integrate cooperation for the Teachers and Educational Personnel Debt Management Project



Wednesday 11 January 2023 | No. 6 / 2023


Bangkok, 9 January 2023 – The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding concerning Mutual Cooperation for the Teachers and Educational Personnel Debt Management Project with 12 organizations. The main objective is to provide a pool of knowledge and advice on financial planning and disciplines for teachers and educational personnel to get better equipped to manage their debts and invest in products suitable for their needs without falling victim to investment scams.

The MOU signatories are (1) the SEC, (2) the Ministry of Education, (3) the Ministry of Finance, (4) the Ministry of Justice, (5) the Cooperative Promotion Department, (6) the Bank of Thailand, (7) the Government Pension Fund, (8) National Credit Bureau Co., Ltd., (9) the Thai Bankers Association, (10) the Government Financial Institutions Association, (11) the Government Savings Bank, (12) the Government Housing Bank and (13) Krungthai Bank Plc. The MOU signing ceremony took place at the Teachers’ Council of Thailand, the Ministry of Education, on 6 January 2023.  

Through the integrated cooperation, the MOU aims to assist teachers and educational personnel in solving their debt problems in a concrete way. This includes increasing liquidity for debt payments, promoting good quality living with dignity, recommending thorough and systematic solutions to tackle debt problems, and developing a financial and debt management system in accordance with good governance principles. This is to ensure fairness for debtors while promoting, supporting and developing teachers’ and educational personnel’s financial literary and disciplines.  

SEC Secretary-General Ruenvadee Suwanmongkol said: “The SEC is ready to cooperate and render support to the Teachers and Educational Personnel Debt Management Project under this MOU by contributing information, teamwork and speakers to provide knowledge, advice and recommendations on financial planning and disciplines. We hope to help educational personnel better manage their debts and increase their opportunities for investing in suitable products without falling victim to investment frauds and scams. We are very pleased to be a part of this MOU and look forward to joining the Ministry of Education in organizing activities to support this project.   

“It is part of the SEC Investor Education Strategy to build the public’s immunity against investment scams and equip them with knowledge and skills on financial and investment management to help them build financial resilience amid changing situations in all areas in order for them to obtain sufficient savings for their retirement. The SEC is ready to work with the Ministry of Education in helping teachers and educational personnel solve their debt problems efficiently,” added Ms. Ruenvadee.     

Under the MOU, the signatories will contribute to the cooperation according to their roles and responsibilities specified by their different missions. The MOU’s term is one year, starting from the signing date. 







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Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 6 / 2023 Wednesday 11 January 2023
SEC signs MOU with 12 organizations to integrate cooperation for the Teachers and Educational Personnel Debt Management Project
Bangkok, 9 January 2023 – The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding concerning Mutual Cooperation for the Teachers and Educational Personnel Debt Management Project with 12 organizations. The main objective is to provide a pool of knowledge and advice on financial planning and disciplines for teachers and educational personnel to get better equipped to manage their debts and invest in products suitable for their needs without falling victim to investment scams.

The MOU signatories are (1) the SEC, (2) the Ministry of Education, (3) the Ministry of Finance, (4) the Ministry of Justice, (5) the Cooperative Promotion Department, (6) the Bank of Thailand, (7) the Government Pension Fund, (8) National Credit Bureau Co., Ltd., (9) the Thai Bankers Association, (10) the Government Financial Institutions Association, (11) the Government Savings Bank, (12) the Government Housing Bank and (13) Krungthai Bank Plc. The MOU signing ceremony took place at the Teachers’ Council of Thailand, the Ministry of Education, on 6 January 2023.  

Through the integrated cooperation, the MOU aims to assist teachers and educational personnel in solving their debt problems in a concrete way. This includes increasing liquidity for debt payments, promoting good quality living with dignity, recommending thorough and systematic solutions to tackle debt problems, and developing a financial and debt management system in accordance with good governance principles. This is to ensure fairness for debtors while promoting, supporting and developing teachers’ and educational personnel’s financial literary and disciplines.  

SEC Secretary-General Ruenvadee Suwanmongkol said: “The SEC is ready to cooperate and render support to the Teachers and Educational Personnel Debt Management Project under this MOU by contributing information, teamwork and speakers to provide knowledge, advice and recommendations on financial planning and disciplines. We hope to help educational personnel better manage their debts and increase their opportunities for investing in suitable products without falling victim to investment frauds and scams. We are very pleased to be a part of this MOU and look forward to joining the Ministry of Education in organizing activities to support this project.   

“It is part of the SEC Investor Education Strategy to build the public’s immunity against investment scams and equip them with knowledge and skills on financial and investment management to help them build financial resilience amid changing situations in all areas in order for them to obtain sufficient savings for their retirement. The SEC is ready to work with the Ministry of Education in helping teachers and educational personnel solve their debt problems efficiently,” added Ms. Ruenvadee.     

Under the MOU, the signatories will contribute to the cooperation according to their roles and responsibilities specified by their different missions. The MOU’s term is one year, starting from the signing date.