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BOT Press Release No. 4/2022


The Bank of Thailand has adhered to the FX Global Code
and encourages financial institutions to do so

The Global Foreign Exchange Committee first launched the FX Global Code in 2017 aiming to restore confidence and promote integrity and effective functioning of the wholesale foreign exchange market. The Code was reviewed and updated in July 2021 to reflect the ongoing evolution of the FX market. The Bank of Thailand (BOT), in its role as a market participant, has completed a self-assessment and ensured that all practices and processes in conducting foreign exchange activities as part of central banking functions are aligned with the Code. The BOT has thus issued the Statement of Commitment, posted on our website, to demonstrate the adherence to the Code. 

In addition, the BOT strongly encourages financial institutions in the Thai wholesale foreign exchange market to adopt the Code as soon as practicable. Starting from 2025 onwards, the adherence to the Code will indeed become a prerequisite for the BOT’s foreign exchange counterparties. At present, there are more than 1,100 entities who adhered to the Code including central banks, financial institutions, institutional investors, etc. 

For more information on the adoption of the Code in Thailand, please visit the BOT’s website. (https://www.bot.or.th/English/FinancialMarkets/Pages/FX_Global_Code.aspx) 

Bank of Thailand
31 January 2022

For further information, please contact : Financial Markets Department
Tel :   +66 2283 5421
E-mail : FMD-MarketStandards@bot.or.th 

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About BOT
  • Roles & History
  • Laws And Regulations
  • Organization And Executives
  • Committee
  • Financial Reports
  • Banknotes
  • Museum
Monetary Policy
  • Monetary Policy Committee (MPC)
  • Monetary Policy Target
  • Schedule of Meetings
  • MPC Meeting Results
  • MPC Publications
  • MPC Knowledge
  • Economic Conditions
  • Regional Economy
  • Research and Conference Papers
Financial Institutions
  • Financial Institutions Policy Committee
  • Thailand’s Financial Institutions​
  • BOT Roles and Responsibilities
  • Financial Institutions Supervision in Practice
  • Financial Institutions Policy
  • Supervision of Other Financial Corporations
  • Supervisory Coordination
Financial Markets
  • Monetary Operations
  • Financial Market Development
  • Foreign Exchange Market
  • Foreign Reserves Management
  • Foreign Exchange Regulations
  • Thai Reference Rate and LIBOR Transition
  • Bond Investor Registration
Payment Systems
  • Payment Systems Committee (PSC)
  • Payment Systems Policy
  • Oversight of Payment Systems
  • Payment Systems Act
  • Oversight of e-Payment Service Providers
  • BOT's Payment System Services
  • Payment Systems Standards
  • Payment Systems Notification & Circulars
  • Cross-border Payment
  • Financial Technology
Statistics
  • Financial Markets
  • Economic and Financial
  • Financial Institutions
  • Payment Systems
  • Regional Economic and Financial
  • Key Economic Indicators
  • Selected Recent Developments
  • BOT API
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