Regulatory Alerts2021-01-01
Decision on Minimum Standards for Risk Management in the Development Bank of Montenegro
The Council of the Central Bank of Montenegro issued this Decision to prescribe minimum risk management standards for the Development Bank of Montenegro. It mandates the establishment of a comprehensive risk management system, including defined strategies, policies, and a risk control function independent from business lines. The regulation further requires the Bank to implement specific procedures for identifying, measuring, and reporting on various risks, including stress testing and the management of new products.
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