World Bank2013-03-122013-03-122006https://hdl.handle.net/10986/12656In spring 2000 the Government of Mongolia adopted a Long-Term Vision and Medium Term Strategy for Financial Sector Reform and Development in 2000-2010, and implemented the Medium Term Strategy in 2001-2004 under the framework of the Bank s FSAC and ADB s FSPL II. In 2004-2005, a Bank team carried out a series of reviews to take stock of the progress made, and identify the remaining as well as emerging challenges. The reviews enjoyed support and coordination from the Ministry of Finance, the Bank of Mongolia and various financial institutions in Mongolia. The data used for the reviews were mainly those at the end of 2004, some were as recent as June 2005 and beyond. The main findings and recommendations of the reviews are summarized in this report, which serves as an Issues Paper for Bank management and staff working on or interested in Mongolia.en-USCC BY 3.0 IGOACCESS TO FINANCEACCOUNTABILITYACCOUNTINGADBAFFILIATEAGRICULTURE BANKAUDITINGAUDITORSAUDITSAUTONOMYBALANCE SHEETBANK ASSETSBANK BRANCHBANK BRANCH NETWORKSBANK EXAMINATIONSBANK FAILUREBANK LIQUIDITYBANK MANAGEMENTBANK RESTRUCTURINGBANK RUNBANKING CRISESBANKING LAWBANKING LAWSBANKING NETWORKSBANKING REGULATIONBANKING SECTORBANKING SERVICESBANKING SUPERVISIONBANKING SUPERVISION ENFORCEMENTBANKING SYSTEMBANKRUPTCYBANKRUPTCY PROCEDURESBANKSBORROWERBORROWINGBUSINESS PLANNINGBUSINESS RELATIONSBUSINESS STRATEGYCAPITAL ADEQUACYCAPITAL BASECAPITAL FLOWSCAPITAL MARKETCAPITAL REQUIREMENTSCDSCENTRAL BANK FUNCTIONSCENTRAL BANKSCHAMBER OF COMMERCECLEARING HOUSECOLLATERALCOMMERCIAL BANKINGCOMMERCIAL BANKSCONSOLIDATED SUPERVISIONCONSOLIDATIONCONTRACT ENFORCEMENTCREDIT CARDSCREDIT COOPERATIVESCREDIT INFORMATIONCREDIT INFORMATION BUREAUCREDIT INFORMATION SYSTEMCREDIT INSTITUTIONCREDIT INSTITUTIONSCREDIT PROGRAMCREDIT RATINGCREDIT RISKCREDIT RISK MANAGEMENTCREDIT UNIONSCREDITORSCURRENCY EXCHANGEDATA RELIABILITYDEBTDEBT REPAYMENTDEBTSDEFAULTERSDEMAND DEPOSITSDEPOSITDEPOSIT ACCOUNTSDEPOSIT PRODUCTSDEPOSITORSDEPOSITSDEVELOPMENT BANKDISINTERMEDIATIONDOUBTFUL LOANSEARNING ASSETSEARNINGSECONOMIC GROWTHELECTRONIC PAYMENTSENFORCEMENT MECHANISMSEXCHANGE RATEEXPENDITURESEXTERNAL AUDITORSFACTORINGFAMILIESFAMILY BUSINESSESFINANCE COMPANIESFINANCIAL ACCOUNTINGFINANCIAL ASSETSFINANCIAL CAPACITYFINANCIAL CRISESFINANCIAL DATAFINANCIAL DEEPENINGFINANCIAL DISTRESSFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIATIONFINANCIAL LEASINGFINANCIAL MANAGEMENTFINANCIAL MARKETSFINANCIAL RATIOSFINANCIAL RESOURCESFINANCIAL SECTOR DEVELOPMENTFINANCIAL SECTOR REFORMFINANCIAL SECTOR REGULATIONFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL STRUCTUREFINANCIAL SYSTEMFINANCIAL SYSTEMSFINANCIAL TRANSACTIONSFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN EXCHANGE EXPOSUREFORM OF COLLATERALFORMS OF COLLATERALFUNDING SOURCESGROSS PROFITGROUP OF BANKHIGH INTEREST RATEHIGH INTEREST RATESHOUSINGIMMOVABLE PROPERTYIMPAIRED ASSETSINCOME STATEMENTSINFLATIONINFORMATION TECHNOLOGYINSTITUTIONAL CAPACITYINSTITUTIONAL CAPACITY BUILDINGINSTITUTIONAL DEVELOPMENTINSURANCEINTEREST PAYMENTSINTEREST RATEINTEREST RATESINTERNAL CONTROLSINTERNATIONAL ACCOUNTING STANDARDSLARGE CITIESLAWSLEGAL FRAMEWORKLEGAL PROVISIONLEGAL PROVISIONSLENDERSLIABILITY MANAGEMENTLIMITED ACCESSLIMITED ACCESS TO FINANCELOANLOAN CATEGORIESLOAN CLASSIFICATIONLOAN CONCENTRATIONSLOAN PORTFOLIOLOAN PORTFOLIO QUALITYLOAN PORTFOLIOSLOAN PROVISIONINGLOAN TERMSLOCAL FINANCIAL INSTITUTIONSLONG-TERM FUNDINGMARKET ENTRYMARKET VALUEMATURITIESMICROFINANCEMIGRANT WORKERSNET INTEREST MARGINNEW BUSINESSNOMINAL INTEREST RATEOFFSITE SUPERVISIONOFFSITE SURVEILLANCEONSITE EXAMINATIONOPERATING COSTSOPERATING EFFICIENCYOPERATING EXPENSESOPERATIONAL RISKOUTREACHPAYMENT SERVICESPAYMENT SYSTEMSPENALTIESPOOR CREDITPRIVATE INVESTMENTPRIVATE PROPERTYPRIVATELY HELD COMPANIESPRIVATIZATIONPROFIT MARGINPROFIT MARGINSPROFITABILITYPROPERTY RIGHTSPRUDENTIAL REGULATIONSPRUDENTIAL REQUIREMENTSPUBLIC BANKREAL SECTORRECAPITALIZATIONREGISTRATION SYSTEMREGULATORY FRAMEWORKREGULATORY REPORTSREINVESTMENTREMITTANCEREMITTANCESREPOSSESSIONRETURN ON ASSETSRETURN ON EQUITYRURAL FINANCESAVINGSSAVINGS PRODUCTSSAVINGS RATESECURITIESSMALL BANKSSOLVENCYSTART-UPSSTOCK MARKETTAX INCENTIVESTECHNICAL ASSISTANCETIER 1 CAPITALTRANSITION ECONOMIESTREASURY BILLSWorld Bank10.1596/12656