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

October 20, 2010

Preview Citation

Format: Chicago

San Marino: Financial Sector Assessment Program-Detailed Assessment of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2010) accessed November 23, 2024

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.

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

Keywords: Banking system, Basel Core Principles, Beneficial owner, Board of directors, Capital adequacy requirements, Capital ratio, CBSM state, CBSM statute, Central bank, Country risk, CR, Decision-making authority, Europe, Global, Internal audit, ISCR, Market risk, Operational risk, Risk assessment, Risk management, Sammarinese bank

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/319
Stock No:

1SMREA2010005
ISBN:

9781455208708
ISSN:

1934-7685

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