01810cas a2200241 a 4500 AALejournalIMF016900 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498326315 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Montenegro : Financial Sector Assessment Program-Banking Supervision and Regulation-Technical Note. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (46 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 discusses the current status of banking supervision and regulation in Montenegro in the context of select Basel Core Principles. It provides a brief overview of the financial system structure, bank system performance, and the framework for financial oversight. Laws, regulations, and supervision have improved significantly since the 2006 Financial Sector Assessment Program to align more closely with Basel and EU requirements. 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. There are currently 14 banks operating in Montenegro, up from 11 in 2013. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/201 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/201/002.2016.issue-201-en.xml IMF e-Library