{
  "title": "Montenegro: Financial Sector Assessment Program-Financial Crisis Preparedness and Management-Technical Note",
  "publication": "IMF Staff Country Reports, June 28, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023/index.md",
  "summary": "This paper provides assessment of the crisis preparedness and management framework of Montenegro. 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.",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- The paper provides an assessment of the crisis preparedness and management framework of Montenegro.\n- 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.\n- In 2010 the Financial Stability Council (FSC) was established to maintain financial system stability and avoid financial distress.\n- The Central Bank of Montenegro (CBM) functions as the de facto resolution authority for banks."
    },
    {
      "heading": "Institutional framework and governance",
      "content": "- Financial Stability Council (FSC)\n  - Established: 2010\n  - Mandate: maintain financial system stability and avoid financial distress\n  - Membership: the Central Bank of Montenegro (CBM) governor (chair), the minister of finance, the president of the Insurance Supervision Agency Council, and the Securities and Exchange Commission president\n- Central Bank of Montenegro (CBM)\n  - Role highlighted: de facto resolution authority for banks\n  - References in keywords: CBM contingency plan, CBM fund, CBM governor, CBM Law, CBM liquidity loan, CBM order"
    },
    {
      "heading": "Key subjects and thematic focus",
      "content": "- Bank deposits\n- Bank resolution\n- Bank resolution framework\n- Banking\n- Contingency planning\n- Crisis management\n- Financial crises\n- Lender of last resort"
    },
    {
      "heading": "Relevant keywords and technical terms preserved from the source",
      "content": "- bank bankruptcy law\n- Bank resolution\n- Bank resolution framework\n- bank shareholder\n- camel rating\n- CBM contingency plan\n- CBM fund\n- CBM governor\n- CBM Law\n- CBM liquidity loan\n- CBM order\n- Contingency planning\n- CR\n- Crisis management\n- Global\n- ISCR\n- Lender of last resort\n- liquidity contingency plans\n- resolution fund\n\nSource: Montenegro: Financial Sector Assessment Program-Financial Crisis Preparedness and Management-Technical Note (IMF Staff Country Reports 2016, 199).\n\n---\n\n Content in this bundle\n\n- cr16199 - Executive Summary\n  - cr16199 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16199 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023/bundle-manifest.json)",
    "Published: June 28, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475533606.002",
    "The paper provides an assessment of the crisis preparedness and management framework of Montenegro.",
    "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.",
    "In 2010 the Financial Stability Council (FSC) was established to maintain financial system stability and avoid financial distress.",
    "The Central Bank of Montenegro (CBM) functions as the de facto resolution authority for banks.",
    "Financial Stability Council (FSC)",
    "Central Bank of Montenegro (CBM)",
    "bank bankruptcy law",
    "bank shareholder",
    "camel rating",
    "CBM contingency plan",
    "CBM fund",
    "CBM governor",
    "CBM Law",
    "CBM liquidity loan",
    "CBM order",
    "CR",
    "Global",
    "ISCR",
    "liquidity contingency plans",
    "resolution fund",
    "**_cr16199 - Executive Summary**"
  ],
  "related": [
    {
      "title": "_cr16199 - Executive Summary",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16199.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16199.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16199.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/montenegro-financial-sector-assessment-program-financial-crisis-preparedness-and-management-44023/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-13T07:42:49.463Z"
}