The Central Bank of Montenegro published remarks by Governor Irena Radovic from a high-level conference in Brussels, where she argued that simplifying prudential regulation should reduce complexity without weakening standards and framed this approach as relevant to Montenegro’s EU accession path. Speaking on a panel on whether financial stability policy is moving toward deregulation, the discussion aligned around a view that EU “simplification” should mean greater coherence, proportionality and efficiency rather than looser requirements. Radovic said the accession process requires not only formal alignment with the EU acquis but also a regulatory and supervisory framework that is robust, efficient and competitive, and she linked a stable, predictable framework to lower risk, stronger investor confidence and financing costs for the economy and the state. She also called for a comprehensive, systemic macroprudential approach in response to the growing role of non-bank financial intermediation and rapid financial innovation.
Central Bank of Montenegro 2026-02-16
Central Bank of Montenegro Governor supports EU prudential simplification without lowering standards and calls for proportionate supervision for accession
Governor Irena Radovic of the Central Bank of Montenegro stressed at a Brussels conference that simplifying prudential regulation should enhance coherence and efficiency without lowering standards, aligning with Montenegro's EU accession goals. She emphasized the need for a robust regulatory framework to boost investor confidence and reduce financing costs, advocating a systemic macroprudential approach to address non-bank financial intermediation and financial innovation.