Regulatory Alerts2026-01-01
Decision on Minimum Standards for Risk Management in Credit Institutions
The Council of the Central Bank of Montenegro issued this Decision to establish minimum standards for risk management within credit institutions. It mandates the implementation of comprehensive risk management systems, including defined strategies, policies, and stress testing procedures, to identify and mitigate various operational and financial risks. The regulation further specifies organizational requirements for credit risk management and outlines the specific competencies and responsibilities of senior management in maintaining effective risk controls.
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