01810cas a2200241 a 4500 AALejournalIMF016897 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475533606 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Montenegro : Financial Sector Assessment Program-Financial Crisis Preparedness and Management-Technical Note. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (25 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides assessment of the crisis preparedness and management framework of Montenegro. The banking sector dominates the financial system and accounts for about 90 percent of financial system assets, equivalent to about 93 percent of GDP as of June 2015. In 2010 the Financial Stability Council (FSC) was established to maintain financial system stability and avoid financial distress. FSC members are the Central Bank of Montenegro (CBM) governor (chair), the minister of finance, the president of the Insurance Supervision Agency Council, and the Securities and Exchange Commission president. The CBM functions as the de facto resolution authority for banks. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/199 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/199/002.2016.issue-199-en.xml IMF e-Library