The Central Bank of Montenegro said Governor Irena Radović led a delegation to Paris for meetings with European and French financial sector and public administration authorities, with the first day centered on talks with European Banking Authority Chair François-Louis Michaud. The discussion focused on Montenegro’s European Union accession process, further alignment of the country’s regulatory and supervisory framework with the European Union acquis and banking standards, and preparations for stronger cooperation with the European Banking Authority ahead of Montenegro’s future observer status once the EU Accession Treaty is signed. The central bank presented its work to align regulation and supervision with European standards and its institutional transformation in preparation for eventual membership of the European System of Central Banks. It highlighted its role in Montenegro’s accession negotiations, including work on Chapter 17 on economic and monetary policy, the provisional closure of Chapter 4 on free movement of capital, and obligations under Chapter 9 on financial services. The talks also covered the European Banking Authority’s priorities on simplifying the regulatory framework and strengthening proportionality in the application of European rules, which the central bank said is particularly relevant for smaller and open financial systems such as Montenegro’s. During the visit, Radović also took part in a conference organized by the European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority, where she linked more balanced gender representation in governance to better decision-making and risk management and cited the Women on Boards Montenegro program and the WE Finance Code initiative as related work. Further meetings in Paris are scheduled with the Governor of the Banque de France, the head of the French Supreme Audit Institution, the president of the French Competition Authority and a French Senate rapporteur for Montenegro. Those discussions are set to focus on Montenegro’s European integration, institutional reforms, cooperation with French institutions and broader bilateral ties.
Central Bank of Montenegro2026-06-16
Central Bank of Montenegro discusses European Banking Authority cooperation and future observer status during Paris visit
The Central Bank of Montenegro used a Paris visit to discuss Montenegro’s European Union accession, regulatory alignment and future observer status with the European Banking Authority. It also highlighted its institutional reforms and accession-related work on financial services, economic and monetary policy and capital movement. Further meetings with French authorities are planned on European integration, reforms and bilateral cooperation.