Mongolia Financial Sector Assessment : Capital Markets

Mongolia Financial Sector Assessment : Capital Markets

This technical note summarizes findings and recommendations on measures for the strengthening of the capital markets in Mongolia. The authorities have taken bold steps in the last two years to modernize the Mongolian Stock Exchange (MSE) and put in...

Full description

Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
en_US
Published: Washington, DC 2017
Subjects:
CAPITAL MARKETS
CAPITAL MARKET INFRASTRUCTURE
DIVERSIFIED INVESTOR BASE
ECONOMIES OF SCALE
SECURITIES MARKET LAW
Online Access:http://documents.worldbank.org/curated/en/710651468060894015/Mongolia-Capital-market-technical-note
http://hdl.handle.net/10986/27094
id okr-10986-27094
recordtype oai_dc
spelling okr-10986-270942021-04-23T14:04:40Z Mongolia Financial Sector Assessment : Capital Markets World Bank CAPITAL MARKETS CAPITAL MARKET INFRASTRUCTURE DIVERSIFIED INVESTOR BASE ECONOMIES OF SCALE SECURITIES MARKET LAW This technical note summarizes findings and recommendations on measures for the strengthening of the capital markets in Mongolia. The authorities have taken bold steps in the last two years to modernize the Mongolian Stock Exchange (MSE) and put in place modern legal, regulatory and market infrastructure for the capital market. Improving the institutional, regulatory and supervisory framework is a key priority, and the enactment of a new securities market law should lay a sound foundation for the regulation and supervision of the securities markets. However, its current draft has several gaps that should be addressed. Nonetheless, development of the domestic securities market in Mongolia should take into account the inherent problems for small markets, because a central feature of the securities market is economies of scale. Currently, the local capital market is not representative of the full universe of Mongolian enterprises that are operating in the country at present. As a result, it may be difficult to attract foreign investors interest if the country's most attractive firms are not listed domestically. One of the most important elements for a strong domestic capital market is a diversified institutional investor base, and the regulatory agencies involved should pursue a concerted strategy toward developing the investor base. Mongolia needs to provide an enabling environment to attract a diverse range of institutional investors participation, including investors from abroad. 2017-06-13T19:06:35Z 2017-06-13T19:06:35Z 2012-06 Report http://documents.worldbank.org/curated/en/710651468060894015/Mongolia-Capital-market-technical-note http://hdl.handle.net/10986/27094 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Other Financial Accountability Study Economic & Sector Work East Asia and Pacific Mongolia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic CAPITAL MARKETS
CAPITAL MARKET INFRASTRUCTURE
DIVERSIFIED INVESTOR BASE
ECONOMIES OF SCALE
SECURITIES MARKET LAW
spellingShingle CAPITAL MARKETS
CAPITAL MARKET INFRASTRUCTURE
DIVERSIFIED INVESTOR BASE
ECONOMIES OF SCALE
SECURITIES MARKET LAW
World Bank
Mongolia Financial Sector Assessment : Capital Markets
geographic_facet East Asia and Pacific
Mongolia
description This technical note summarizes findings and recommendations on measures for the strengthening of the capital markets in Mongolia. The authorities have taken bold steps in the last two years to modernize the Mongolian Stock Exchange (MSE) and put in place modern legal, regulatory and market infrastructure for the capital market. Improving the institutional, regulatory and supervisory framework is a key priority, and the enactment of a new securities market law should lay a sound foundation for the regulation and supervision of the securities markets. However, its current draft has several gaps that should be addressed. Nonetheless, development of the domestic securities market in Mongolia should take into account the inherent problems for small markets, because a central feature of the securities market is economies of scale. Currently, the local capital market is not representative of the full universe of Mongolian enterprises that are operating in the country at present. As a result, it may be difficult to attract foreign investors interest if the country's most attractive firms are not listed domestically. One of the most important elements for a strong domestic capital market is a diversified institutional investor base, and the regulatory agencies involved should pursue a concerted strategy toward developing the investor base. Mongolia needs to provide an enabling environment to attract a diverse range of institutional investors participation, including investors from abroad.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Mongolia Financial Sector Assessment : Capital Markets
title_short Mongolia Financial Sector Assessment : Capital Markets
title_full Mongolia Financial Sector Assessment : Capital Markets
title_fullStr Mongolia Financial Sector Assessment : Capital Markets
title_full_unstemmed Mongolia Financial Sector Assessment : Capital Markets
title_sort mongolia financial sector assessment : capital markets
publisher Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/710651468060894015/Mongolia-Capital-market-technical-note
http://hdl.handle.net/10986/27094
_version_ 1764463531465375744

Similar Items