Regulatory Alerts2026-01-01
Decision amending the Decision on Minimum Standards for Risk Management in Credit Institutions
The Council of the Central Bank of Montenegro has amended the Minimum Standards for Risk Management in Credit Institutions to formally integrate environmental, social, and governance (ESG) risks into regulatory definitions and management frameworks. The updated rules require credit institutions to establish specific strategies for identifying and monitoring ESG risks, enhance internal controls for loan origination and non-performing loan management, and refine methodologies for measuring interest rate risk in the banking book. These amendments introduce new guidelines for ESG risk management, update capital adequacy references, and set staggered implementation dates starting in January 2026.
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