Philippine, Thai central banks seek to strengthen cooperation --[Reported by Umva mag]

THE BANGKO SENTRAL ng Pilipinas (BSP) and Bank of Thailand (BoT) are working to explore potential areas of cooperation.

BSP Governor Eli M. Remolona met with BoT Governor Sethaput Suthiwartnarueput on Monday during a high-level bilateral meeting to “exchange views and strengthen cooperation on various areas of central banking.”

“Issues discussed include the role of central banks in the development of the capital market, its drivers and challenges; approaches in digital payments, and measures for fraud prevention and consumer protection; and AI (artificial intelligence) use cases in monetary policy, along with measures in mitigating potential risks,” the BSP said in a statement on Tuesday.

The central banks are also looking into joint initiatives such as study visits and webinars, it said.

In August, the BSP and National Bank of Cambodia signed a memorandum of understanding to boost both countries’ cooperation on central banking and payment connectivity. — Luisa Maria Jacinta C. Jocson

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