International Organization of Securities Commissions (IOSCO)

International Organization of Securities Commissions (IOSCO)

Financial Regulatory Commission of Mongolia became an ordinary member of International Organization of Securities Commissions (IOSCO) since June 18, 2014, and signed in Multilateral Memorandum of Understanding (MMoU). Therefore, FRC has opportunities to cooperate and share information with Securities authorities of about 180 countries.

The IOSCO is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector. IOSCO develops, implements and promotes adherence to internationally recognized standards for securities regulation. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.

Alliance for Financial Inclusion (AFI)

Alliance for Financial Inclusion (AFI)

Financial Regulatory Commission of Mongolia is a member of Alliance for Financial Inclusion (AFI) since June 28, 2010, and Bank of Mongolia became in April, 2011.

AFI’s unique peer-to-peer learning model encourages and enables financial policymakers to interact and exchange knowledge. This information interchange results in the building of a more comprehensive knowledge base on financial inclusion and the subsequent formulation and implementation of effective policy by members in their home countries.

AFI is led by its members and partners, central banks and other financial regulatory institutions from developing countries. A previously untapped yet massive reservoir of knowledge and experience, AFI’s members serve to give voice to the opportunities and challenges facing the unbanked in developing nations.

The Network includes members from more than 90 countries working together to advance its mission of accelerating the adoption of proven and innovative financial inclusion policy solutions with the ultimate aim of making financial services more accessible to the world’s 2 billion unbanked people.