Republic of San Marino: 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice; and Statement by the Executive Director for the Republic of San Marino
Electronic Access:
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Summary:
This 2009 Article IV Consultation highlights that the global financial crisis, which began to affect the economy of San Marino in the second half of 2008, is likely to continue to do so in 2009–10. Short-term vulnerabilities in the financial sector have risen owing to exposure of the largest bank to a troubled Italian banking group and to liquidity pressures from a tax amnesty adopted by the Italian government. Executive Directors have commended the authorities for strengthening international cooperation in economic and financial matters.
Series:
Country Report No. 2010/067
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Asset and liability management Banking Crime Economic and financial statistics Economic sectors Financial regulation and supervision Financial sector Financial statistics Liquidity
English
Publication Date:
March 15, 2010
ISBN/ISSN:
9781451982367/1934-7685
Stock No:
1SMREA2010002
Pages:
36
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