IMF Staff Country Reports

San Marino: Financial Sector Assessment Program: Financial System Stability Assessment

October 20, 2010

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International Monetary Fund. Monetary and Capital Markets Department "San Marino: Financial Sector Assessment Program: Financial System Stability Assessment", IMF Staff Country Reports 2010, 317 (2010), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781455208685.002

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Summary

Stress tests indicate that the main vulnerabilities of the banking sector of San Marino relate to deposit outflows or to a deterioration of credit quality, and these risks are particularly high for the largest bank. There is no effective mechanism to provide liquidity to banks. The nonbank financial sector in San Marino consists of just over 50 small companies, but has growth potential. The governing body of the Central Bank of San Marino (CBSM) should be subject to clearer and stronger accountability, and be more independent from the government.

Subject: Asset and liability management, Crime, Financial institutions, Financial sector policy and analysis, International organization, Monetary policy, Money

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank credit, Bank risk, CBSM statute, Commercial banks, Financial Sector Assessment Program, Global, Liquidity, Liquidity position, Sammarinese bank, Secrecy regime

Publication Details

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