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

October 20, 2010

Preview Citation

Format: Chicago

San Marino: Financial Sector Assessment Program: Financial System Stability Assessment, (USA: International Monetary Fund, 2010) accessed September 21, 2024

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

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/317
Stock No:

1SMREA2010003
ISBN:

9781455208685
ISSN:

1934-7685

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