Mongolia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Monetary Policy Transparency
September 12, 2008
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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.
Subject: Banking, Capital markets, Commercial banks, Financial institutions, Financial markets, Financial sector development, Loans, Mortgages
Keywords: asset, bank, bank assets, BOM, BOM law amendment, BOM management, Capital markets, Commercial banks, CR, credit risk, development bank, draft mortgage securitization law, Financial sector development, Global, ISCR, Loans, market share, mortgage lending, mortgage market, mortgage portfolio, Mortgages, performing bank, price, return on equity
Pages:
46
Volume:
2008
DOI:
Issue:
300
Series:
Country Report No. 2008/300
Stock No:
1MNGEA2008004
ISBN:
9781451826975
ISSN:
1934-7685
