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Montenegro Financial Sector Assessment Program-Financial Crisis Preparedness and Management-Technical Note

This paper provides assessment of the crisis preparedness and management framework of Montenegro. The banking sector dominates the financial system and accounts for about 90 percent of financial system assets, equivalent to about 93 percent of GDP as of June 2015. In 2010 the Financial Stability Cou...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Economic & Financial Crises & Disasters
Depository Institutions
Banks
Contingency Planning
Bank Resolution Framework
Lender Of Last Resort
Financial Crises
Banks And Banking
Bank Resolution
Micro Finance Institutions
Financial Institutions And Services: Government Policy And Regulation
Crisis Management
Mortgages
Banks And Banking, Central
Banking
Bank Deposits
Financial Risk Management
Montenegro
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper provides assessment of the crisis preparedness and management framework of Montenegro. The banking sector dominates the financial system and accounts for about 90 percent of financial system assets, equivalent to about 93 percent of GDP as of June 2015. In 2010 the Financial Stability Council (FSC) was established to maintain financial system stability and avoid financial distress. FSC members are the Central Bank of Montenegro (CBM) governor (chair), the minister of finance, the president of the Insurance Supervision Agency Council, and the Securities and Exchange Commission president. The CBM functions as the de facto resolution authority for banks
Physical Description:25 pages
ISBN:9781475533606

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