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Proposed Amendments to the Banking Law of Mongolia May Kick-start Landmark Reforms

In August 2020 a bill proposing amendments to the 2010 Banking Act of Mongolia has been presented to the Parliament of Mongolia. If adopted, the amendments would introduce some sweeping reforms not only to the banking industry, but also to the Mongolia’s capital markets.

Our summary highlights some of the key features of the proposed amendments dated 26 January 2021.

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