The Central Bank of Montenegro (CBCG) Council adopted a package of regulations to enable implementation of the Law Amending the Law on Credit Institutions, bringing Montenegro’s framework for credit institutions into full alignment with the European Union Capital Requirements Directive (CRD) and Capital Requirements Regulation (CRR). The measures were positioned as prerequisites for meeting Benchmark 1 under Negotiation Chapter 9 on Financial Services. The package comprises eleven decisions operationalising the amended law. The Council also adopted five regulations governing areas relevant to supervision of the Development Bank’s operations, as required by the Law on the Development Bank of Montenegro. In addition, it approved amendments to the CBCG’s 2025 financial plan, citing changes to expected timelines for SEPA payment scheme implementations, increased revenues from penalties imposed on individual credit institutions under the Law on Credit Institutions and anti-money laundering and counter-terrorist financing legislation, and higher expenditures linked to the EU reform agenda and operational modernisation, including AI-based digital solutions and enhanced cybersecurity capacity.
Central Bank of Montenegro 2025-07-25
Central Bank of Montenegro adopts 11 implementing decisions aligning credit institution rules with EU CRD and CRR
The Central Bank of Montenegro adopted regulations to align its credit institutions framework with the EU Capital Requirements Directive and Regulation, fulfilling Benchmark 1 under Negotiation Chapter 9 on Financial Services. The package includes eleven decisions and five regulations for supervising the Development Bank, alongside amendments to the 2025 financial plan addressing SEPA implementation timelines, increased penalty revenues, and expenditures for EU reforms and digital upgrades.