The Bank of the Lao held its annual 2024 meeting with commercial banks, using the session to brief the sector on key regulatory and operational priorities and to review supervision outcomes for 2024 alongside the 2025 work programme. Agenda items included commercial bank supervision under Basel principles, implementation of the exchange rate framework, caps on foreign-currency interest rates, reporting of cross-border transfers through the International Transactions Reporting System, and implementation of requirements on managing foreign-currency receipts from exports of goods and services. Discussions also covered banking service operations, oversight and monitoring of the payments system, and measures to prevent and address fraud involving deceptive money transfers, with participation from central bank leadership and departments, the commercial banking association and bank executives, and representatives from relevant courts and ministries.

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