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

March 15, 2010

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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, (USA: International Monetary Fund, 2010) accessed September 23, 2024

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.

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

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), CBSM independence, CR, Financial sector, Financial statistics, Global, Government, IMF staff estimate, ISCR, Liquidity, Liquidity pressure, Republic of San Marino staff supplement, Sammarinese authorities, Staff appraisal, Supervision

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/067
Stock No:

1SMREA2010002
ISBN:

9781451982367
ISSN:

1934-7685

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