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

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

June 28, 2016

Electronic Access:

Download PDF. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 16/201

Subject:

English

Publication Date:

June 28, 2016

ISBN/ISSN:

9781498326315/1934-7685

Stock No:

1MNEEA2016007

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

46

Please address any questions about this title to publications@imf.org