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Europe > Montenegro

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Financial regulation and supervision x
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Cover IMF Staff Country Reports
Montenegro: Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note
International Monetary Fund. Monetary and Capital Markets Department
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.
Keywords:
ISCR; CR; central bank; CBM regulation; banking system; bank d; CBM supervisor; holding company; joint stock; liquidity contingency plans; risk management system; CBM state; CBM methodology; CBM analysis; CBM monitoring; CBM contingency plans; Operational risk; Credit risk; Bank risk management; Bank supervision; Stress testing; Eastern Europe; Southern Europe; Global
Cover IMF Staff Country Reports
Republic of Montenegro: Financial System Stability Assessment
International Monetary Fund
Montenegro is undergoing rapid credit growth in the context of heavy foreign bank presence and euro use. However, the rate of credit expansion is testing the limits of banks’ capacity to underwrite loans prudently and maintain adequate buffers. Rapid credit growth is now also posing supervisory challenges, despite relatively strong financial sector regulation and supervision. The recommended policy response is a mix of prudential strengthening required to address risks emanating from rapid credit growth, and measures to address specific vulnerabilities.
Keywords:
ISCR; CR; capital market; banking system; problem bank resolution procedure; risk management practice; state-enterprise deposit placement; financial system; credit risk; liquidity ratio; bank lending; prudential liquidity management; treasury bill; banking sector; adequacy level; bank funding; Credit; Credit risk; Stress testing; Commercial banks; Capital adequacy requirements
Cover Current Legal Issues Affecting Central Banks, Volume V
Current Legal Issues Affecting Central Banks, Volume V
Mr. Robert C. Effros

Abstract

This volume, edited by Robert C. Effros, focuses on how technology is affecting the world of banking and finance in an era of increasing globalization. The advent of electronic money, stored value cards, and internet transactions are discussed, as well as the impact of technology on cross-border banking and its implications for central banks. Other issues examined are the legal and regulatory frameworks for risk management of banks, sovereign debt, the international laws of bank secrecy, and financial services within the context of the GATT Agreement on Trade Services.

Keywords:
BOOK; bank; value; transaction; bank supervisor; debtor; settlement risk; derivatives contract; bank secrecy; value card; Currencies; Legal support in revenue administration; Credit; Global; North America; Europe; Caribbean; Eastern Europe; Asia and Pacific; Market risk; Foreign banks