Regulatory Alerts2026-01-01
Decision on Supervision over Implementation of Law on Conversion of Swiss Franc Loans to Euro
The Council of the Central Bank of Montenegro issued this Decision to establish the supervisory framework for banks implementing the Law on the Conversion of Swiss Franc-Denominated Loans into Euro-Denominated Loans. The Central Bank is mandated to verify bank compliance with specific conversion rates, interest rate caps, and reporting deadlines through document analysis and on-site reviews. Additionally, the regulator must submit a comprehensive report to the Parliament of Montenegro within 60 days detailing the realization of obligations, measures taken against irregularities, and the overall effects of the conversion process.
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