Regulatory Alerts2026-01-01
Decision amending the Decision on Minimum Standards for Risk Management in Credit Institutions
The Council of the Central Bank of Montenegro has issued a decision amending the Minimum Standards for Risk Management in Credit Institutions to align with international regulatory frameworks. The amendment introduces comprehensive definitions for interest rate risk in the banking book (IRRBB) and mandates specific internal systems and standardized approaches for identifying, evaluating, and mitigating these risks. It further establishes detailed requirements for IRRBB measurement methodologies, behavioral assumptions for customer accounts, and the integration of supervisory outlier tests into internal governance frameworks.
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