Montenegro: Financial System Stability Assessment

March 23, 2016

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Format: Chicago

Montenegro: Financial System Stability Assessment, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper focuses on the important issues of Montenegro economy which are as follows: microfinancial setting, financial system resilience, financial oversight, resolution of nonperforming loans, and financial safety nets. Montenegro is still dealing with the aftermath of the collapse of the lending boom in 2008. Economic momentum has accelerated in 2015, but there are numerous downside risks. System-wide solvency and liquidity indicators appear broadly sound, but significant pockets of vulnerabilities exist among domestically owned banks. Decisive action to deal with weak banks is critical for preserving financial stability. While the legal, regulatory, and supervisory frameworks for banking and insurance sector have markedly improved since 2006 Financial Sector Assessment Program, further progress is required.

Subject: Asset and liability management, Bank resolution framework, Banking, Commercial banks, Credit, Financial crises, Financial institutions, Liquidity, Money, Nonperforming loans

Keywords: A number of bank, Asset, Bank, Bank relationship management, Bridge bank, Camel rating, Camel-rated bank, CBM oversight function, CBM payment system, CBM-managed payment, Commercial banks, CR, Credit, Excessive risk aversion, Funding, Global, ISCR, Liquidity, Liquidity contingency plans, Nonperforming loans, Private sector, Relationship management, Resolution planning

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/088
Stock No:

1MNEEA2016003
ISBN:

9781475519815
ISSN:

1934-7685

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