Regulatory Alerts2026-01-01
Decision on Remuneration in Credit Institutions
The Council of the Central Bank of Montenegro issued this Decision to establish binding principles for remuneration policies in credit institutions, specifically targeting employees with a material impact on the institution's risk profile. The regulation mandates the implementation of deferral and retention mechanisms for variable remuneration, alongside strict requirements for gender-neutral policies and the alignment of incentives with long-term risk management. It further delineates the supervisory board's approval powers and the specific roles of control functions in ensuring that remuneration practices support the institution's risk appetite and corporate governance framework.
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