Mongolian governor wants more finance sector foreign ownership – Central Banking
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Sanjaa also discussed planned mandate change, response to climate change and emerging risks
Narantsogt Sanjaa
The governor of the Bank of Mongolia has said greater foreign ownership of lenders in the country would provide a boost to its financial sector, and described plans to require the monetary authority to focus on price stability.
In remarks published on the bank’s website on June 4, Narantsogt Sanjaa said reforms were planned to improve the institution’s independence and promote financial stability in the country. “Any meaningful reform begins with improving the ‘rules of the game’ – the legal and
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