Negotiations in Chapter 9 - Financial Services were officially opened on at the sixth Intergovernmental Conference on Accession of Montenegro to the European Union, held in Luxembourg on 22 June 2015.
Financial services are of great importance for the proper functioning of the European Union's internal market as one of the cornerstones of European integration. This chapter refers to the compliance of regulations in the area of financial services - banking, insurance and reinsurance, pension funds and capital markets, as well as the financial market infrastructure with the EU acquis, as well as its effective implementation and enforcement by the competent supervisory institutions.
Great incentive for the prosperity of our country lies in the possibility of direct participation in the preparation of the regulations governing the EU's single financial market, as well as their full implementation through active participation in the functioning of the European institutional mechanism for the preservation of financial stability after the accession of the Montenegrin supervisory institution. Membership in the Union will have a positive impact on increasing competition in the market, which will lead to a more diversified and innovative offer of products and services, and thus more favorable effects for all participants.