1 INDIA RECORDS WORLD’S HIGHEST ONE-DAY SURGE IN COVID CASES WWW.BLOOMBERG.COM PUBLISHED:2021/04/22      2 AUSTRALIAN GOVERNMENT TEARS UP VICTORIA'S BELT AND ROAD AGREEMENT WITH CHINA, ANGERING BEIJING WWW.CNN.COM PUBLISHED:2021/04/22      3 CLIMATE CHANGE: US SURPRISES SUMMIT WITH ‘BOLD' EMISSIONS TARGET WWW.BBC.COM PUBLISHED:2021/04/22      4 MONGOLIA RECORDS 1,328 NEW COVID-19 CASES, FIVE DEATHS WWW.MONTSAME.MN PUBLISHED:2021/04/22      5 JUWAI IQI EXPANDS GLOBAL FOOTPRINT VIA PARTNERSHIP WITH MONGOLIA’S REAL ESTATE PORTAL OLY.MN AND TOP LOCAL AGENT RE/MAX MONGOLIA WWW.PRWEB.COM PUBLISHED:2021/04/22      6 MONGOLIA OFFERS JOB SUPPORT LOANS FOR COVID-19 PANDEMIC WWW.XINHUANET.COM PUBLISHED:2021/04/22      7 SPECIAL DEPARTURE FLIGHTS FOR FOREIGN CITIZENS IN MONGOLIA AFFECTED BY COVID-19-RELATED TRAVEL RESTRICTIONS WWW.MN.USEMBASSY.GOV  PUBLISHED:2021/04/22      8 GOVERNMENT OF MONGOLIA TO RAISE COUNTERCLAIM REGARDING OYU TOLGOI TAX DISPUTE WWW.MONTSAME.MN PUBLISHED:2021/04/22      9 SEEKING TO UNSEAT AUSTRALIA, MONGOLIA'S GIANT COAL MINE PLANS $700 MLN BOND WWW.REUTERS.COM PUBLISHED:2021/04/21      10 PM ADDRESSES AT BOAO FORUM FOR ASIA ANNUAL CONFERENCE 2021 WWW.MONTSAME.MN PUBLISHED:2021/04/21      SXCOAL: НИЙЛҮҮЛЭЛТ БУУРСНААР КОКСЖИХ НҮҮРСНИЙ ҮНЭ 22 САРЫН ДЭЭД ТҮВШИНД ХҮРЧ ӨСӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2021/04/22     "50,400 ТУН АСТРАЗЕНЕКА ВАКЦИН ХҮЛЭЭН АВЛАА. СИНОФАРМЫН 900,000 ТУН ВАКЦИНЫГ ОЙРЫН ӨДРҮҮДЭД АВЧИРНА" WWW.IKON.MN НИЙТЭЛСЭН:2021/04/22     ЗГ: 8,000 ГАРУЙ ААН, ИРГЭН 560 ТЭРБУМ ТӨГРӨГИЙН ЗЭЭЛ АВААД БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2021/04/22     “ОЮУТОЛГОЙ”-Н ЗЭСИЙН БАЯЖМАЛЫН ЭКСПОРТ СЭРГЭВ WWW.NEWS.MN НИЙТЭЛСЭН:2021/04/22     БАНКНЫ САЛБАРЫН ЖЕНДЕРИЙН ТАЛААРХ СТАТИСТИКИЙГ ТАНИЛЦУУЛАВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2021/04/22     ТАТВАРЫН ОРЛОГО 78.1 ХУВИЙН ГҮЙЦЭТГЭЛТЭЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2021/04/22     ГУРВАН ХУВИЙН ХҮҮТЭЙ ЗЭЭЛИЙГ 8092 ХҮН АВЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2021/04/22     ШҮЛСНЭЭС КОРОНАВИРУС ИЛРҮҮЛЭХ ОНОШЛУУРЫГ ИРЭХ ДАВАА ГАРАГААС ХЭРЭГЛЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2021/04/22     НӨАТ-ЫН БУЦААН ОЛГОЛТЫГ ИРГЭДИЙН ДАНСАНД ШИЛЖҮҮЛЖ ЭХЭЛЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2021/04/21     ЭКСПОРТ 100 САЯ ГАРУЙ АМ.ДОЛЛАРООР ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2021/04/21    

Mongolian Banks Dashboard: March 2021 www.fitchratings.com

Fitch Ratings believes that the new amendments to Mongolia’s Banking Law, when fully implemented, will improve transparency and strengthen the banking system’s corporate governance in the medium-to-longer term, ultimately contributing to the banking system’s stability. Parliament approved the amendments in late January, which include requirements for the five domestic systemically important banks (D-SIB) to become public companies through IPOs in the stock market by June 2022 and a cap on a bank shareholder’s rights at 20%. The amendments are part of the continuous work of The Bank of Mongolia on banking-sector reform. We expect the banks, once listed, to provide more timely and detailed disclosure, not only in their financials but also their banking operations, allowing for more public market participants' oversight. Undue influence by a dominant shareholder is also likely to be checked under the new ownership structure. As D-SIBs, these banks are required to have at least nine members on their boards, with no less than one-third of the directors to be independent. In addition, all commercial banks are required to reduce shareholder concentration by end-2023 with a maximum of 20% of the banks’ total shares owned by each shareholder and its related parties.
Please see the full report on the link https://www.fitchratings.com/.../mongolian-banks...


Published Date:2021-03-02