meta_id 3013098

On 27 February 2026, the Council of the Central Bank of Montenegro passed a 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 amendment was adopted pursuant to Article 44 paragraph (2) item 3) of the Central Bank of Montenegro Law and Article 29 paragraph (9) and Article 33a paragraph (2) of the Law on Resolution of Credit Institutions. The amendment introduces several key changes to the regulatory framework governing minimum capital requirements for credit institutions. It updates references from Article 29 paragraph (4) to Article 29 paragraph (6) of the Law on Resolution of Credit Institutions across multiple articles. Significantly, the amendment introduces a new Article 3a establishing specific provisions for determining Minimum Requirements for Own Funds and Eligible Liabilities (MREL) for credit institutions subject to bankruptcy proceedings. These provisions permit credit institutions to meet MREL requirements through own funds, eligible liabilities meeting specified criteria, or other designated liabilities. The amendment also clarifies that certain provisions of the Decision on Capital Adequacy shall not apply to credit institutions planned for bankruptcy where MREL has not been determined by the Central Bank. Additionally, the amendment modifies Article 7 to address consolidated basis compliance, allowing entities meeting MREL requirements on a consolidated basis to include liabilities issued by subsidiary undertakings. It establishes limits on such liabilities and specifies conditions regarding holdings of own funds instruments and eligible liabilities instruments issued by subsidiary undertakings. The decision enters into force on the eighth day following its publication in the Official Gazette of Montenegro. The amendment was signed by Irena Radović, Governor of the Central Bank of Montenegro.