Regulatory Alerts2023-01-01
Financial Stability Council Law
The Parliament of Montenegro enacted this law to establish the Financial Stability Council, chaired by the Central Bank Governor, to monitor and mitigate systemic risks in the national financial system. The Council comprises senior officials from the Central Bank, Ministry of Finance, Insurance Supervision Agency, and Securities and Exchange Commission, who coordinate data collection and crisis management strategies. It is mandated to produce annual reports for Parliament, maintain strict confidentiality of sensitive financial data, and convene quarterly to ensure overall financial stability.
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