The purpose of the missions of Phase I was to develop a functional central bank, including establishing a modern … banking supervisory regime. Especially, MCM provided TA missions under the Phase I that have focused on operationalizing … banking license capacity, development of on and offsite supervisory capability, and other relevant areas …

safety net and crisis management frameworks, including bank resolution and contingency planning, have improved. In response … regime for credit institutions and certain investment firms, and revised its deposit insurance system, allowing it to fund …

financial markets. This paper also highlights the key features of modern banking and over the counter (OTC) derivatives markets … exposures to the counterparty (credit) risks embodied in their OTC derivatives activities. In order to rebalance private and …