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Japan’s Financial Services Agency: Signing Of The Exchange Of Letters For Cooperation On Banking Supervision Between The Financial Services Agency Of Japan And The Bank Of Thailand

Date 14/06/2018

Mr. Nobuchika Mori, Commissioner of Financial Services Agency of Japan, and Mr. Veerathai Santiprabhob, Governor of the Bank of Thailand today signed the Exchange of Letters for cooperation (EOLs) on Banking Supervision. The EOLs serves as a solid foundation for effective cooperation in the supervision of banking organizations operating in both countries in accordance with the principles set out in the Basel Core Principles for Effective Banking Supervision.

 The EOLs sets out in greater detail the process that the two authorities will follow to foster greater cooperation in the areas of information sharing, on-site visits, supervisory colleges, and crisis management.