Regulatory Alerts2014-11-11
Medium Term Banking Supervision Strategy 2014-2019
The Central Bank of Mongolia issued its 2014-2019 Medium Term Banking Supervision Strategy to transition toward a counter-cyclical and risk-based supervisory framework. The document mandates the adoption of Basel Accords Pillars II and III, the enhancement of inspector capabilities, and the establishment of robust collaboration with international bodies and domestic stakeholders. Key operational requirements include developing econometric forecasting models, restructuring credit information bureaus, and implementing limited deposit insurance to ensure financial sector stability.
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