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Chapter 9 – Financial services

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.

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Chapter 9 - Working Group

Negotiator

Negotiator

Negotiator

Head of the WG

Head of the WG

Head of the WG

Secretary of the WG

Secretary of the WG

Secretary of the WG

The working group was established in March 2013. The negotiator for this Chapter is Nikola Fabris, Vice-Governor of the Central Bank for the financial stability and payment system, and the head of the working group is Ana Vlahović, Adviser to the Governor for financial stability and payment system in the Central Bank of Montenegro. Secretary of the working group is Miloš Vujović of the MEA.

The working group comprises 38 members, of which 21 women and 17 men (32 from state institutions and 6 from the civil sector).

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