Council of the Central Bank of Montenegro: Continuation of Regulatory Alignment and Preparations for Instant Payments
27/02/2026
Today, the Council of the Central Bank of Montenegro held a meeting chaired by Governor Irena Radović.
The focus of today’s meeting was on significant regulatory amendments and development projects that further strengthen the stability and modernise Montenegro’s financial system, while also contributing to the fulfillment of obligations arising from the negotiation process and the country’s overall efforts on its path toward membership in the European Union.
The Council adopted three by-laws governing the supervision of financial conglomerates, defined as groups of connected legal entities, at least one of which performs a financial activity, where such entities are linked through control relationships or management. By adopting this set of by-laws, the regulatory framework governing financial conglomerates in which the banking sector prevails is further aligned with EU directives and standards, thereby enhancing legal certainty, ensuring greater comparability of supervisory results, and reducing the scope for regulatory inconsistencies.
With the aim of further improving the framework for the resolution of credit institutions, and additionally aligning it with EU regulations, the Council adopted the Decision Amending the Decision on More Detailed Method for Determining Minimum Requirements for Own Funds and Eligible Liabilities of Credit Institutions and the Reporting Method.
The adoption of these by-laws contributes to meeting the benchmarks under Negotiation Chapter 9 – Financial Services.
In addition, with the aim of aligning with the recently adopted Law Amending the Law on the Development Bank of Montenegro, the Council adopted a set of five by-laws relating to the operations and supervision of this institution.
Council members were also informed about the status of the TIPS Clone project, which will enable citizens and businesses to make real-time payments. It was noted that activities are being implemented according to the planned timeline, and that this project represents an important step toward a more modern, faster, and more efficient payment system in Montenegro.
At today’s meeting, the Council also considered and adopted other materials within its competence.