Greetings from the Financial Stability Council

Dear colleagues,

It is my great pleasure to extend my warmest greetings to you!

The Financial Stability Council, the first ever body of this nature in Mongolia, has been established by joint decree dated May 9, 2007 by the Central Bank of Mongolia (BoM), Ministry of Finance (MoF) and Financial Regulatory Committee (FRC).

The mission of the Council is to contribute to sustainable economic growth by developing sound and competitive financial infrastructure and improving financial services in terms of quality and access. There shall be a research unit responsible for studying and analyzing relevant documents of the financial institutions. Its findings will be publicly released in the form of a Financial Stability Report every 6 months. Simultaneously, the web-site of the Bank of Mongolia will also provide its electronic version to Internet users.

The Financial Stability Council aims to closely co-operate with other international financial institutions and promote the competitiveness of the Mongolian banking and financial sectors at the international markets.

We believe the Council will significantly contribute in safeguarding the financial stability in Mongolia.

May I wish you all the best!

Secretary Financial Stability Council S.Baatar

Regulation on Financial Stability Council