Mongolia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Monetary Policy Transparency

Volume/Issue: Volume 2008 Issue 300
Publication date: September 2008
ISBN: 9781451826975
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Topics covered in this book

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Banks and Banking , Finance , ISCR , CR , bank , asset , BOM , price , mortgage market , development bank , mortgage portfolio , return on equity , market share , mortgage lending , performing bank , draft mortgage securitization law , BOM law amendment , bank assets , BOM management , credit risk , Mortgages , Commercial banks , Capital markets , Loans , Financial sector development , Global

Summary

This paper presents Mongolia’s Financial System Stability Assessment, including reports on the Observance of Standards and Code. The Mongolian financial system is developing and performing well, in line with the economy as a whole, but faces a number of challenges. There are signs that the economy is overheating and the country’s dependence on a relatively narrow range of commodity exports and the rapid credit growth are also sources of risk. Although the bank supervision framework is reasonably well developed, implementation needs to be strengthened.