European Parliament Library

San Marino, Financial Sector Assessment Program, International Monetary Fund

Abstract
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
Table Of Contents
Contents; Glossary; Executive Summary; Tables; 1. Summary of Key Recommendations; 2. Risk Assessment Matrix; I. Background; A. Macroeconomic Background; B. Recent Developments; II. Overview of the Financial Sector; A. Banking Sector; Boxes; 1. San Marino as a Financial Center: A Comparison; B. Nonbank Financial Sector; III. Vulnerabilities, Banking Soundness, and Stress Testing; A. Assessment of Risks; B. Stress Tests; C. Structural Sustainability; IV. Risk Management, Safety Net, and Market Infrastructure; A. Risk Management and Liquidity Crisis Preparedness
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (51 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455233830

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