Support to the regulation of the financial services
Support to the regulation of the financial services supports Montenegro’s financial regulators through institutional expertise and training to align banking, insurance and capital markets with EU requirements.
Funder: European Commission
Due Dates: October 28, 2026 (Opening) | January 11, 2027 (Application deadline)
Funding Amounts: EUR 1,150,000 total EU funding; 18-month implementation period
Summary: Supports Montenegro’s financial regulators in aligning banking, insurance and capital market regulation and supervision with EU requirements.
Key Information: Twinning assistance requires EU Member State institutional expertise and a Resident Twinning Adviser based in Montenegro.
Description
This European Commission Twinning project supports Montenegro’s progress toward EU membership by strengthening its financial sector regulatory and supervisory institutions. Its beneficiaries are the Central Bank of Montenegro, Insurance Supervision Agency, Capital Market Authority and Ministry of Finance. Assistance focuses on implementing and enforcing the EU acquis, adopting relevant European standards, and preparing for European System of Central Banks and Eurosystem requirements.
The project combines EU Member State institutional expertise, knowledge transfer, methodological development, training and study visits. Central banking priorities include financial statistics, data warehouse design, consumer protection, cash management, supervisory reporting and bank resolution. Insurance work addresses Solvency II supervision, systemic risk, digital resilience and financial technology. Capital market assistance supports implementation of Montenegro’s new legal framework, risk-based supervision and future cooperation with the European Securities and Markets Authority.
