## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-banking-supervision-and-regulation-technical-44026)

## Other formats

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## Bibliographic details
- Published: June 28, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498326315.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-banking-supervision-and-regulation-technical-44026_