BoT set to issue standards for SFIs Move to better reflect borrowers' risks published : 18 Feb 2021 at 07:00 5 The Bank of Thailand is preparing to issue the accounting and financial reporting standards for specialised financial institutions (SFIs) to better reflect borrowers' actual risks and strengthen financial fundamentals for banks, says a Fiscal Policy Office (FPO) source. The move will also prevent an additional fiscal burden shouldered by the government, according to an FPO source speaking on condition of anonymity. The central bank has conducted a public hearing on accounting standards for SFIs, which has to align with the International Financial Reporting Standards 9 or IFRS9, by taking into account opinions on the draft regulation on the accounting and financial reporting standards required by state-owned SFIs.