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BSP Begins ABIF Discussions with Bank of Thailand

04.06.2017

 

BSP Begins ABIF Discussions with Bank of Thailand

Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. shakes the hand of Bank of Thailand (BoT) Governor Veerathai Santiprabhob during the signing ceremonies for the Letter of Intent (LOI) to begin discussions under the ASEAN Banking Integration Framework (ABIF) held today at Mactan Island, Cebu. The LoI formalizes the intention of the BSP and the BoT to craft the specific provisions that will govern the entry of Qualified ASEAN Banks (QABs) between the two countries. ABIF advances the underlying principles governing QABs which will be the vehicle for the achievement of regional banking integration.

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