In order to facilitate cross-border cooperation and the exchange of information among the Central Deposit Insurance Corporation (CDIC) and Deposit Insurance Corporation of Mongolia (DICOM), a Memorandum of Understanding (MOU) has been signed on July 24th, 2015 in Ulaanbaatar by the CDIC’s President Mr. Michael M. K. Lin and the DICOM’s C.E.O. Mr. Byadran Lkhagvasuren indicating the official bilateral cooperation. Due to the trends of financial liberalization, diversification and globalization in recent years, the occurrence of chain reactions caused by the financial problems has become an issue for national policymakers to take into consideration. Since cross-border financial problems have emerged as the focus for financial safety net players worldwide, financial supervisors in many jurisdictions have been striving for the reinforcement of international cooperation to maintain the stability of global finance. CDIC and DICOM are members of the International Association of Deposit Insurers (IADI), so the signing of the official MOU conforms to the updated IADI Core Principles for Effective Deposit Insurance Systems issued in November 2014 illustrating specifically the sharing of information and cooperation on a cross-border basis. In the future, CDIC will continue to cope with DICOM on strengthening the sharing of information and professional experience to advance the respective deposit insurance systems.