The EU’s Single Resolution Board (SRB) and the Central Bank of Montenegro (CBCG) are pleased to announce a Cooperation Arrangement. The new arrangement is on the exchange of information and cooperation on Resolution planning and implementation for banks with cross-border operations. The arrangement will mean closer, regular cooperation between the two authorities and it comes amid ever-increasing cross border banking operations around the world and will allow for both the SRB and the CBCG to better manage a banking group that gets into difficulty and requires intervention from regulators.
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The EU’s Single Resolution Board (SRB) and the Central Bank of Montenegro (CBCG) are pleased to announce a Cooperation Arrangement. The new...