The Montenegro Capital Market Authority announced that its president, Željko Drinčić, signed a memorandum of cooperation with the Central Bank of Hungary (Magyar Nemzeti Bank, MNB), establishing a basis for closer institutional collaboration on regulating and supervising non-bank financial markets, with a particular focus on collective investment funds. The memorandum sets out arrangements for exchanging relevant information, conducting expert consultations, and providing mutual support in carrying out regulatory and supervisory responsibilities, subject to both countries’ legislation and international standards. It also includes confidentiality and data-protection safeguards and procedures for resolving potential disagreements. Discussions during the visit covered potential work to improve fund passporting processes, run joint technical and professional workshops, and involve MNB representatives in the annual “Montenegro Financial Markets” conference, alongside possible bilateral engagements aimed at presenting Montenegro’s capital market opportunities to Hungarian investors and the financial industry.

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