At the beginning of their work, Deputy Chairman of the FRC D.Bayarsaikhan received the IMF consultants and informed them about general situation of non-ban financial institutions, range of control and inspection and FRC strategy and policy.

Mr Philip Johnson and Ms Mimi Ho have previous experiences working in Mongolia. They will study work load, capacity and performance quality of the FRC departments and its units as well as they plan to meet representatives of regulation institutes running operation in non-banking financial sector, exchanging ideas on facing problems and their solutions in securities, insurance, non-bank financial, savings and credit cooperatives markets.