The Bank of Thailand (BOT) intends to strengthen the role of financial service providers in taking responsibility for consumers throughout the loan debt cycle appropriately and comprehensively. The BOT Notification No. Sor Gor Chor. 7/2566 re: Responsible Lending was issued by the BOT and announced in the Government Gazette on 27 December 2023, and became effective on 1 January 2024.
Author
Somika Phagapasvivat
BrowsingSomika Phagapasvivat is a member of Baker McKenzie's Financial Services Practice Group in Bangkok. She joined the Firm in 2002 and became a partner in 2015.