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2026-03-06 08:56:11 · arahman@vixio.com
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TITLE: Montenegro's Central Bank Establishes Reporting Requirements for Credit Institutions on Minimum Capital and Resolution Planning BODY: On 17 April 2025, the Council of the Central Bank of Montenegro passed a decision establishing comprehensive reporting requirements for credit institutions operating in the jurisdiction. The decision, which entered into force on 25 April 2025, prescribes the types, format, content, and submission deadlines for reports that credit institutions must submit to fulfil resolution planning and capital adequacy monitoring obligations. The decision requires credit institutions to submit quarterly reports to the Central Bank of Montenegro no later than 20 days after the end of each quarter. These reports include: the minimum requirement for own funds and eligible liabilities (MREL1 template); own funds and liabilities (RKO template); own funds and liabilities presented according to reverse priority ranking in bankruptcy proceedings (ORP template); structure of eligible liabilities qualified for internal MREL requirements (IM template); and structure of eligible liabilities (KO template). Additionally, credit institutions must submit annual reports by 15 April each year reflecting the status as of 31 December of the preceding year. These reports detail all valid hedging agreements, real estate leases, service agreements with third parties, borrowing agreements, subordinated debt agreements, intra-group financing and guarantee agreements, correspondent banking relationships, and agreements governed by non-Montenegrin law. All contracts not concluded in Montenegrin must be accompanied by certified translations from sworn translators. Reports must be submitted electronically to sanacija@cbcg.me using the prescribed templates provided in the decision's annex. The decision applies mutatis mutandis to other legal persons defined under the Law on Resolution of Credit Institutions.
  • Scraped:2026-03-06 08:56:11
  • Created:2026-03-06 08:56:10
  • By:arahman@vixio.com (35)