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...

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Bibliographic Details
Main Authors:	World Bank, International Monetary Fund
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	AUCTION MONETARY POLICY HOLDING ACCOUNTING DEPOSITS PAYMENT SERVICE DEFAULTS CONFLICT OF INTEREST VALUATION INTEREST OPTION REMITTANCE GROSS SETTLEMENT SYSTEM REVENUES LIQUIDITY RISK LOAN FRAUDS BORROWERS BANKRUPTCY CENTRAL SECURITIES DEPOSITORY INSTRUMENTS MARKET INFRASTRUCTURES POST OFFICE NETWORK MARKET PARTICIPANTS AMOUNT OF CAPITAL LIEN BENEFICIARY CURRENCY FINANCIAL INSTITUTION SETTLEMENT SYSTEMS COMMERCIAL BANK SETTLEMENT DATE SETTLEMENT OF TRANSACTIONS INVESTMENT FUNDS MONETARY FUND FINANCIAL INSTITUTIONS DEBT MARKETS SETTLEMENT DEPOSITARY AGENCY BANK CREDIT RESERVE REQUIREMENT LEGAL FRAMEWORK MARKET TRANSACTIONS INTERNATIONAL FINANCIAL INSTITUTIONS BROKERS TRANSACTIONS MARKET ECONOMY IPO DEPOSITORS AUCTIONS INTERNATIONAL STANDARDS ELECTRONIC AUCTION TRANSPARENCY MARKET CAPITALIZATION MARKET CONDITIONS TURNOVER FUTURE LENDER OF LAST RESORT TREASURY BILLS EXCHANGES CAPITALIZATION DEBT SECURITIES ISSUANCE SHARES T-BILLS LOCAL CURRENCY MONEY MARKETS SUPERVISION OF BANKS INDIVIDUAL SECURITIES SECURITIES TREASURY FINANCIAL INFRASTRUCTURE CREDIT RISK INSURANCE SHAREHOLDERS ECONOMIC DEVELOPMENT GOVERNMENT BONDS ACCOUNTING STANDARDS CENTRAL DEPOSITORY COMMERCIAL BANKS COUPON POST OFFICES SUPERVISORY AGENCY INSURANCE COMPANIES MATURITIES REMITTANCES FINANCIAL SYSTEMS ACCOUNT HOLDER PAYMENT SYSTEMS SHORT-TERM LIQUIDITY STOCK EXCHANGES ACCOUNT HOLDERS TARIFFS DEPOSIT CAPITAL MARKETS REGULATORY FRAMEWORK SETTLEMENT OF TRADES CREDIT CARDS STOCK REGULATORY STANDARDS INTEREST RATE MATURITY DATE EXCHANGE PROPERTY RIGHTS BANKING SYSTEM BALANCE OF PAYMENTS PAYMENT SYSTEM LIQUIDITY BANK ACCOUNT CORPORATE SECURITIES SECURITIES TRANSACTIONS CDS SECONDARY MARKET TRANSACTIONS FINANCIAL STATEMENTS BONDS CLEARING HOUSE REMITTANCE SERVICES TAX INCOME TAX MARKET INFRASTRUCTURE CENTRAL BANKS RESERVE BENEFICIARIES PENSION LENDER SETTLEMENT OBLIGATIONS REGULATORY AUTHORITIES CENTRAL BANK MATURITY EXCHANGE COMMISSION SECURITIES MARKET CONTRACTS PAYMENT OF PRINCIPAL GUARANTEE FUND TRADING PAYMENT ORDERS LENDERS LOANS SETTLEMENT SYSTEM RESERVES FINANCIAL SYSTEM AMOUNT OF COLLATERAL CASH TRANSFERS FINANCE FOREIGN CURRENCY BROKER TAXES CUSTODY GOVERNMENT SECURITIES EQUITY TRANSACTION SECURITIES MARKETS FRAUD FINANCIAL STABILITY GOVERNANCE ISSUES PAYMENT OBLIGATION MARKET TRADES PENSIONS RETURNS CONTRACT BIDS PROPERTY PROPERTIES VALUE PAYMENT SYSTEMS BALANCE SHEET DEFAULT MARKET BANK ACCOUNTS CLEARING HOUSES CORPORATE BONDS TRADING SYSTEM SECURITIES EXCHANGE SECURITY FINANCIAL MARKET DEBT INSTRUMENTS STOCKS INVESTMENT STOCK EXCHANGE BOND HUMAN RESOURCES SHARE INTERNAL AUDIT COLLATERAL PAYMENT SERVICES FINANCIAL INFORMATION REMITTANCE SERVICE TARIFF BID MONEY MARKET PAYMENT_SERVICE PROFIT OUTSTANDING AMOUNT RISK MANAGEMENT CHECK COUPON PAYMENTS INSTRUMENT SECURITIES LAW SECONDARY MARKET COLLATERAL AMOUNT POST OFFICE INTERNATIONAL SETTLEMENTS JOINT STOCK COMPANY CREDIT INSTITUTIONS GUARANTEE BOOK ENTRY CORPORATE GOVERNANCE
Online Access:	http://documents.worldbank.org/curated/en/2016/04/26216776/montenegro-financial-infrastructure-technical-note http://hdl.handle.net/10986/24126