Montenegro: Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note
IMF Staff Country Reports, June 28, 2016
Source details
- Canonical URL
- Montenegro: Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note
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Bibliographic details
- Published: June 28, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498326315.002
Overview and scope
- Discusses the current status of banking supervision and regulation in Montenegro in the context of select Basel Core Principles.
- Provides a brief overview of:
- financial system structure,
- bank system performance,
- the framework for financial oversight.
- Notes that laws, regulations, and supervision have improved significantly since the 2006 Financial Sector Assessment Program to align more closely with Basel and EU requirements.
Key findings and statistics
- Banking sector concentration:
- The banking sector accounts for about 90 percent of financial system assets.
- This is equivalent to about 93 percent of GDP as of June 2015.
- Market structure:
- There are currently 14 banks operating in Montenegro, up from 11 in 2013.
- Institutional and regulatory progress:
- Legal, regulatory, and supervisory frameworks have been strengthened since 2006 to better align with Basel and EU requirements.
Subject coverage and risk areas
- Covered topics include:
- Bank risk management
- Bank supervision
- Banking
- Capital adequacy requirements
- Credit risk
- Financial regulation and supervision
- Financial sector policy and analysis
- Operational risk
- Stress testing
Publication metadata (selected)
- Pages: 46
- Volume: 2016
- Issue: 201
- DOI: https://doi.org/10.5089/9781498326315.002
- ISBN: 9781498326315
- ISSN: 1934-7685
- Publication date on landing page: June 28, 2016
Montenegro: Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note, IMF Staff Country Reports 2016, 201 (June 28, 2016).