A council headed by Finance Minister S.Bayartsogt met on Tuesday and discussed several issues, including plans to liquidate the defunct Anod and Zoos banks, and to speed repayment of Government bonds.

Mongol Bank Deputy President B.Javkhlan said banking data kept by the ministry should be merged with other data, such as loan data, to make it easier to determine a bank’s financial stability. By merging the data, B.Javkhlan said, the stability of the banking sector would be ensured.

The council decided to establish a working group comprising the Finance, Justice, and Internal Affairs Ministries; Mongol Bank; SME Board of the Ministry of Food, Agriculture and Light Industry; Economic Regulatory Authority; and General Office for Enforcing Court Decisions. Finance Minister S.Bayartsogt asked that the working group’s report be issued by the end of December.

The council also decided to revise the financial information reports that organizations must file with the Ministry of Finance.