Bangkok, August 29, 2014 ? SEC supports commercial banks to emphasize on social responsibility and join Collective Action Coalition (CAC) by aiming to obtain the CAC certifications by 2015.

Chalee Chantanayingyong, SEC Deputy Secretary-General, said Thailand currently faced a lot of crucial problems such as high household debts and low personal saving rates, exacerbating retirement plan problems while ageing society is approaching. With its importance to the country?s economy, banking industry can help create long-term saving discipline by putting more focus to tackle the said problems while lessening a boost of expenditure. Meanwhile, it would be very beneficial if the industry adopts CSR in process to banking business operations. Moreover, banking industry may further some of the SEC projects to promote financial knowledge and skills to the public;  ?Financial Literacy in Workplace? and ?A thousand baht, Start a journey to your dream? Projects, for instance.

Furthermore, the SEC supports commercial banks? anti-corruption leadership as they might start from setting up preventive measures and make progress to obtain Collective Action Coalition (CAC) certifications by 2015. If all financial intermediaries, comprising banks, securities companies and asset management companies, could obtain CAC certifications, it will certainly be a strong signal that anti-corruption practices are very important issue to be addressed by everyone. As a result, those who fail to seriously emphasize on adopting the said practices will face the difficulty in running businesses in the future.