Regulatory Alerts2026-01-01
Decision on Managing Outsourcing-Related Risks
The Council of the Central Bank of Montenegro issued this Decision to prescribe the management of risks associated with outsourcing by credit institutions. It mandates rigorous pre-outsourcing assessments, continuous risk monitoring, and strict data protection standards while prohibiting the outsourcing of core regulatory and management activities. Credit institutions are required to maintain detailed registers, establish exit strategies for critical functions, and notify the Central Bank of all critical outsourcing arrangements.
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