Montenegro: Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note

June 28, 2016

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Format: Chicago

Montenegro: Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Summary

This paper discusses the current status of banking supervision and regulation in Montenegro in the context of select Basel Core Principles. It provides a brief overview of the financial system structure, bank system performance, and the framework for financial oversight. Laws, regulations, and supervision have improved significantly since the 2006 Financial Sector Assessment Program to align more closely with Basel and EU requirements. The banking sector dominates the financial system and accounts for about 90 percent of financial system assets, equivalent to about 93 percent of GDP as of June 2015. There are currently 14 banks operating in Montenegro, up from 11 in 2013.

Subject: Bank risk management, Bank supervision, Banking, Capital adequacy requirements, Credit risk, Financial regulation and supervision, Financial sector policy and analysis, Operational risk, Stress testing

Keywords: Bank d, Bank risk management, Bank supervision, Banking system, CBM analysis, CBM contingency plans, CBM methodology, CBM monitoring, CBM regulation, CBM state, CBM supervisor, Central bank, CR, Credit risk, Eastern Europe, Global, Holding company, ISCR, Joint stock, Liquidity contingency plans, Operational risk, Risk management system, Southern Europe, Stress testing

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/201
Stock No:

1MNEEA2016007
ISBN:

9781498326315
ISSN:

1934-7685

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