Republic of San Marino: Selected Issues
IMF Staff Country Reports, May 10, 2016
Source details
- Canonical URL
- Republic of San Marino: Selected Issues
Other formats
Bibliographic details
- Published: May 10, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484344101.002
Summary and purpose
- Offers elements of a possible strategy to deal with San Marino’s nonperforming loans (NPLs).
- Provides a brief overview of the reasons behind the accumulation of impaired assets by Sammarinese banks.
- Presents stylized facts regarding the nature and composition of San Marino’s problem loans.
- Summarizes the experience of other small economies in dealing with weak banks and NPLs to draw policy lessons.
- Discusses recent measures implemented by the Sammarinese authorities to address weak financial institutions and their problem assets.
- Examines the main impediments to dealing with NPLs in San Marino’s legal and tax framework.
Key substantive themes and findings (as described)
- Asset quality and accumulation of impaired assets among Sammarinese banks.
- Nature and composition of problem loans (stylized facts presented in the paper).
- Comparative experience: lessons from other small economies in dealing with weak banks and NPLs.
- Recent Sammarinese measures to address weak financial institutions and problem assets.
- Legal and tax impediments to NPL resolution in San Marino.
Subject classifications and keywords
- Subject: Asset and liability management; Banking; Commercial banks; Debt restructuring; Financial institutions; Financial sector policy and analysis; Loans; Nonperforming loans; Solvency
- Keywords: asset quality; bank secrecy status; banks default; Commercial banks; CR; debt enforcement procedure; Debt restructuring; Europe; insolvency process; ISCR; Loans; Nonperforming loans; recapitalization plan; recipient bank; Sammarinese bank; secrecy regime; Solvency; transferring bank
Content in this bundle
- Republic of San Marino: Selected Issues; IMF Country Report 16/112; April 21, 2016