Regulatory Alerts2021-01-01
Decision on Large Exposures of the Development Bank of Montenegro
The Council of the Central Bank of Montenegro issued this Decision to establish the regulatory framework for calculating, managing, and reporting large exposures at the Development Bank of Montenegro. The regulation defines connected persons, sets exposure limits at 10% of Tier 1 capital for identification and up to 20% for general limits, and permits higher thresholds for specific projects with government consent. It further mandates the use of credit risk mitigation techniques, requires immediate notification of any limit breaches, and exemposes certain sovereign and multilateral claims from these restrictions.
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