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Naši standardi moraju biti strožiji od međunarodnih - Cb-mn.org

Naši standardi moraju biti strožiji od međunarodnih - Cb-mn.org

Naši standardi moraju biti strožiji od međunarodnih - Cb-mn.org

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december 2010 | :Ba : Ba Bank nk n ar a<br />

INTERVIEW WITH THE GOVERNOR OF THE CENTRAL BANK OF MONTENEGRO<br />

MR. RADOJE ŽUGIĆ, M.Sc.<br />

Our<br />

Standards<br />

Must Be<br />

Stricter Than<br />

International<br />

Standards<br />

We shall act in accordance with principles of a free and open market and the freedom of<br />

entrepreneurship and competition. The Central Bank now has a somewhat changed role – the interim<br />

measures recently passed by the Council of the Central Bank have the same aim. Some banks remain<br />

unsatisfi ed with the level of relaxation and they show their discontent. The entire accountability<br />

rests with the Governor and his closest associates. The Central Bank of Montenegro will continue<br />

revising the reserve requirement policy and it shall initiate the development of a framework for the<br />

implementation of the monetary policy instruments. The segregation of responsibilities among the<br />

Central Bank, the Ministry of Finance and other fi nancial regulators renders the managing of risks<br />

and uncertainties more diffi cult. The Central Bank shall develop instruments for monitoring fi nancial<br />

stability, perform ongoing assessment of contingent risks, and actively prepare for crisis management.<br />

3

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