THE Bangko Sentral ng Pilipinas (BSP) announced that BSP Governor Eli M.Remolona Jr.and Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput led the BSP-BOT high-level bilateral meeting last Monday to exchange views and strengthen cooperation on various areas of central banking.
A statement from the BSP said that the officials from both central banks “discussed and shared insights on the role of central banks in capital market development, payment systems development and artificial intelligence (AI) use cases.“Issues discussed include the role of central banks in the development of the capital market, its drivers and challenges; approaches in digital payments and measures for fraud prevention and consumer protection; and AI use cases in monetary policy, along with measures in mitigating potential risks,” according to the BSP.“The BSP and BOT also explored potential collaborative activities moving forward, such as study visits and webinars, to further broaden and enhance their longstanding cooperation and bilateral ties,” read the statement from the country’s central bank.Sec.
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