Declare services, says BoT | Bangkok Post: business

Business > Finance

Declare services, says BoT

- +

Financial institutions operating in Thailand are required to report their information technology (IT) outsourcing services to the Bank of Thailand to enhance information and system securities as well as increase greater cost management efficiency. 

Somboon Chitphentom, senior director of the regulatory policy department, said both domestic and foreign financial institutions have to declare their critical IT outsourcing services at least 30 days before commencing an operating system or changing service provider.

Financial institutions are also required to submit an annual report on all of their IT outsourcing services and report any problem affecting their basic financial services that stems from IT outsourcing services within 24 hours, he said.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments