Regulatory Alerts2020-12-08
Added · Updated
Decision on the Criteria for Assessing Resolvability of a Credit Institution and a Group
The Council of the Central Bank of Montenegro issued this Decision to establish detailed criteria for assessing the resolvability of credit institutions and groups. It mandates a four-stage assessment process covering the feasibility of bankruptcy, selection of resolution strategies, and evaluation of their feasibility and credibility. The framework requires analyzing structural, financial, informational, cross-border, and legal impediments to ensure the continuity of critical functions and financial stability.
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