IMF Staff Country Reports

San Marino: Financial Sector Assessment Program-Detailed Assessment of Basel Core Principles for Effective Banking Supervision

Publication Date:

October 20, 2010

Electronic Access:

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Summary:

Based on the request of the Central Bank of San Marino (CBSM), an assessment of San Marino’s compliance with the Basel Core Principles was undertaken in November 2009 in the context of the Financial Sector Assessment Program (FSAP). The mission followed the 2006 Core Principles methodology. The banking sector dominates the financial sector. San Marino’s macroeconomic policy is generally sustainable. San Marino has engaged in a substantial economic reform effort since 2005 to increase market discipline. The CBSM should address governance issues in banks.

Series:

Country Report No. 2010/319

Subject:

Banking Basel Core Principles Capital adequacy requirements Financial regulation and supervision Financial services Market risk Operational risk