Regulatory Alerts2023-01-01
Law on Financial Conglomerates
The Central Bank of Montenegro and other competent authorities issued this law to establish the framework for identifying financial conglomerates and imposing supplementary supervision on regulated entities within such groups. The legislation defines specific thresholds, including balance sheet ratios and capital requirements, to determine when a group constitutes a financial conglomerate requiring oversight. It further outlines the roles of coordinators, procedures for exemptions, and the calculation methods for assessing risk concentration and intra-group transactions.
Share