At the meeting of the Council of the Central Bank of Montenegro (CBCG), held on November 28, 2025, and chaired by Governor Dr. Irena Radović, draft versions of three laws were adopted. Their enactment is a key prerequisite for fulfilling the final criteria for closing Negotiating Chapter 9 – Financial Services, marking the completion of CBCG’s obligations in aligning Montenegro’s domestic framework with the European Union acquis in the field of financial services.
The draft Law on Digital Operational Resilience of the Financial Sector aligns the domestic regulatory framework with the EU’s Digital Operational Resilience Act (DORA), a standard that ensures financial institutions’ resilience against cyber risks and technological incidents. Implementation of this law, which will take effect upon Montenegro’s accession to the European Union, will provide a high level of protection against cyber threats, ensure business continuity, and allow rapid system recovery in the event of disruptions, in line with EU best practices.
The proposed Draft Law Amending and Supplementing the Law on Financial Conglomerates fully harmonizes domestic legislation with Directive (EU) 2023/2864, further regulating financial conglomerates’ obligations regarding transparency and data exchange with European supervisory authorities.
Due to significant changes in the European regulatory framework and the need for timely alignment of domestic legislation, the Council also approved the Draft Law Amending and Supplementing the Law on Financial Collateral.
In accordance with obligations under the Law on the Central Bank of Montenegro, the Council adopted the Central Bank of Montenegro Policy for 2026. This document outlines the activities planned for the coming year to fulfill the statutory functions and strategic objectives of CBCG.
The 2026 policy will focus on further strengthening institutional capacities and achieving the goals defined in the Central Bank of Montenegro’s Strategic Plan 2025–2028. Particular emphasis will be placed on aligning organizational and operational processes with EU and Eurosystem frameworks to ensure smooth integration, while maintaining the flexibility necessary to adapt to new requirements.
Finally, the Council approved the designation of other systemically important credit institutions (OSV), which are required to maintain the prescribed buffer ratios.
