Mongolia’s Financial Regulatory Body Takes Lead Role in Regional Network

The Financial Regulatory Commission of Mongolia has solidified its position as a key player in the global financial regulatory landscape by taking on a leadership role within the Alliance for Financial Inclusion (AFI) network.

Leadership Role in AFI Network

As a principal member and active participant in four working groups, the commission is playing a crucial role in shaping financial regulation policies across Eastern Europe and Central Asia. The commission’s chair, Bayarsaikhan Dembereldash, has also been recognized for her dedication to promoting greater financial inclusion and consumer protection.

Commitment to Financial Inclusion and Consumer Protection

The commission has committed to 20 Maya Declaration targets, including initiatives aimed at supporting e-money services and protecting consumer rights. Its commitment to these goals was recognized in 2018 when it was ranked “most engaged” among AFI members, with representatives participating in working group meetings, capacity building initiatives, and regional and global events.

Key Initiatives

• Supporting e-money services
• Protecting consumer rights
• Promoting financial stability and inclusivity

Recognition and Impact

The Financial Regulatory Commission of Mongolia’s membership in the AFI network is seen as a major step forward for the country’s financial regulatory framework, demonstrating its commitment to best practices and international cooperation.

Learn More

For more information on the commission’s activities, visit http://www.frc.mn/?locale=en.