Regulatory Alerts2026-01-01
Decision amending the Decision on Managing Outsourcing and Outsourcing-Related Risks
The Council of the Central Bank of Montenegro issued this decision to amend the regulatory framework governing outsourcing risks for credit institutions. The amendments introduce mandatory requirements for developing exit strategies, including business impact analyses and defined transition criteria, while expanding registry details to cover cloud service types and criticality assessments. Additionally, the decision clarifies that institutional responsibility cannot be transferred to service providers and updates the scope of the outsourcing registry to include contractual financial obligations.
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