Regulatory Alerts2025-03-21
Added · Updated
Decision on More Detailed Regulation of Contractual Recognition of Write-Down and Conversion Powers in Relation to Credit Institution’s Liabilities Governed by a Third Country Law
The Council of the Central Bank of Montenegro issued this Decision to detail the contractual recognition requirements for bail-in powers regarding liabilities governed by third-country law. It mandates specific acknowledgments in financial contracts and defines categories of liabilities subject to write-down and conversion, including exemptions for impracticable cases. The regulation establishes notification templates and criteria for assessing whether third-country legal frameworks sufficiently support the Central Bank's resolution powers.
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