The Central Bank of Montenegro’s Council adopted a package of by-laws and amendments aimed at further aligning Montenegro’s supervisory and resolution framework with European Union standards, alongside new secondary legislation for the Development Bank of Montenegro, and reviewed progress on preparations for real-time instant payments. Three by-laws set out supervisory rules for financial conglomerates, defined as groups of connected legal entities with at least one entity performing a financial activity and linked through control or management, with the framework focused on conglomerates in which the banking sector prevails. The Council also amended the detailed methodology and reporting for determining minimum requirements for own funds and eligible liabilities of credit institutions, intended to strengthen the resolution framework and contribute to benchmarks under Negotiation Chapter 9 (Financial Services). In addition, five by-laws were adopted to align the operations and supervision of the Development Bank of Montenegro with the recently amended Development Bank law. The Council was informed that work on the TIPS Clone project, designed to enable citizens and businesses to make real-time payments, is being implemented according to the planned timeline.
Central Bank of Montenegro 2026-02-27
Central Bank of Montenegro adopts EU-aligned rules for financial conglomerate supervision and bank resolution and advances TIPS Clone instant payments preparations
The Central Bank of Montenegro’s Council adopted by-laws and amendments to align Montenegro’s supervisory and resolution framework with EU standards, including new legislation for the Development Bank of Montenegro. Key measures include supervisory rules for financial conglomerates and amendments to strengthen credit institutions' resolution frameworks. The Council also reviewed progress on the TIPS Clone project for real-time payments.