Regulatory Alerts2024-01-01
Decision on International Reserves Management
The Council of the Central Bank of Montenegro issued this decision to establish a comprehensive framework for managing the country's international reserves. It mandates a hierarchical segregation of duties among the Council, Governor, and operational staff while dividing assets into liquid, investment, and special tranches to balance immediate liquidity with long-term capital preservation. The regulation enforces strict credit, liquidity, market, and operational risk controls through defined minimum ratings, maturity benchmarks, and hedging strategies, ultimately repealing the prior 2011 management decision.
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