Ms Suwannee said there are several guidelines under the responsible lending approach, and the central bank would continue to enforce the regulations from January 1 next year.
As authorities try to ease swelling household debt, the Bank of Thailand plans to implement responsible lending guidelines to improve loan quality in the financial system, starting on Jan 1, 2024.
With the new guidelines, the regulator is attempting to assist retail borrowers exit the debt cycle faster, Suwannee Jatsadasak, assistant governor for the supervision group at the central bank, said in an exclusive interview with the Bangkok Post.
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