Yesterday’s meeting of the Council to Improve Investment and Develop the Private Sector was mainly devoted to exploring ways to improve legislation relating to insurance organizations, and to the problems of implementing tax laws in the financial sector, including banks. First Deputy Prime Minister N.Altankhuyag, who chaired the meeting, later told our reporter that the principal area of disagreement between banks and the tax organizations was on the status of collaterals held by the banks when issuing loans to buy real estate. The provisions of the law are unclear on this, and the meeting decided to establish a working group to suggest necessary amendments.