Compliance
Compliance Corner - Bank of Japan, Bank of Thailand
The latest compliance issues in wealth management across Asia-Pacific.
Bank of Thailand, Bank of Japan
The Bank of
Japan, acting as agent for the Minister of Finance of Japan,
and the Bank
of Thailand signed the Amendment and Restatement Agreement of
the fourth Bilateral Swap Arrangement (BSA).
The BSA is a two-way arrangement, in which both authorities are
able to swap their local currencies (i.e., the Japanese Yen and
the Thai Baht, respectively) for the US Dollar.
This amendment additionally enables Thailand to swap its local
currency against the Japanese Yen. The size of the money to
be swapped stands unchanged, that is, up to $3 billion or
equivalent for both countries.
The authorities of both countries believe the financial
cooperation will contribute to the stability of financial
markets, promote the use of local currencies and develop the
growing economic and trade ties between Japan and Thailand.
