Central Bank of Montenegro Governor Irena Radovic attended the Bank for International Settlements (BIS) Annual General Meeting in Basel (28–29 June), where central bank governors and other international stakeholders discussed findings from the BIS annual economic report and current policy challenges. The discussions highlighted that trade tensions and uncertainty are weighing on the global economy, underscoring the need for careful calibration of central bank policies. The agenda also covered financial system transformation through digitisation, challenges linked to the use of artificial intelligence, and issues around financial market regulation and resilience. In a roundtable on cross-border and instant payments, Radovic argued that payments interoperability is a strategic imperative amid growing geopolitical fragmentation and digital inequalities, and pointed to the Central Bank of Montenegro’s initiative to introduce a national instant payments platform (a TIPS-clone) in cooperation with the Banca d’Italia and with support from the European Central Bank to enable faster, safer and cheaper transactions and strengthen Montenegro’s integration into the EU financial ecosystem.
Central Bank of Montenegro 2025-06-30
Central Bank of Montenegro Governor spotlights TIPS-clone instant payments platform and payment interoperability at BIS Annual Meeting
Central Bank of Montenegro Governor Irena Radovic attended the BIS Annual General Meeting, addressing global economic challenges like trade tensions and policy calibration. Key topics included financial system digitisation, AI challenges, and market resilience. Radovic emphasized payments interoperability, highlighting Montenegro's initiative to launch a national instant payments platform with support from Banca d’Italia and the European Central Bank.