Regulatory Alerts2026-01-01
Decision on More Detailed Requirements for Selection and Appointment of Members of the Management Bodies and Holders of Key Functions in a Credit Institution
The Central Bank of Montenegro issues this Decision to establish detailed suitability criteria for the selection and appointment of members of management bodies and holders of key functions in credit institutions. The regulation defines specific requirements regarding good repute, professional knowledge, appropriate experience, and independence of mind, including precise thresholds for significant business relationships and conflicts of interest. It further mandates that candidates demonstrate continuous professional development and possess at least five years of relevant managerial experience to ensure effective governance and risk management within the banking sector.
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