Financial Sector Assessment Program : Montenegro Financial Infrastructure
Financial infrastructure is the underlying foundation of a country’s financial system. It comprises all institutions, the rules, and standards of all the systems which enable financial intermediation. The quality of a country’s financial infrastruc...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/04/26216776/montenegro-financial-infrastructure-technical-note http://hdl.handle.net/10986/24126 |
| Summary: | Financial infrastructure is the
underlying foundation of a country’s financial system. It
comprises all institutions, the rules, and standards of all
the systems which enable financial intermediation. The
quality of a country’s financial infrastructure determines
the efficiency of intermediation, the ability of lenders to
evaluate risk and of borrowers to obtain credit, insurance,
and other financial products at competitive terms. For
instance, the efficient and smooth functioning of the
payment, and securities settlement systems facilitates the
discharge of financial obligations and the safe transfer of
funds across distances and institutions; hence, it support
the stability of the financial system. This technical note
contains the assessment of the national payment and
settlement systems (NPS) infrastructure in Montenegro. The
assessment was undertaken in the context of the IMF and
World Bank (WB) joint Financial Sector Assessment Program
(FSAP) mission to Montenegro during September 1-15, 2015.
The assessor was Gynedi Srinivas of the World Bank’s Payment
Systems Development Group. The assessor will like to thank
the counterparts in Montenegro for their excellent
cooperation and hospitality during the mission. |
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