San Marino: Selected Issues and Statistical Appendix

Volume/Issue: Volume 2004 Issue 256

Publication date: August 2004

ISBN: 9781451834833

$20.00

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Topics covered in this book

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Banks and Banking , Public Finance , Business and Financial , ISCR , CR , break , bank , net , financial institution , GDP , asset float , Sammarinese bank , Banca delle Marche , asset position , nonbank financial institutions , Financial sector , Administration in revenue administration , Budget planning and preparation , Europe

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Summary

This Selected Issues paper for San Marino reviews developments in the financial sector and provides an update of the financial sector regulation and supervision. While Sammarinese financial institutions accept foreign deposits and managed funds to a much larger extent than comparators in neighboring regions, there are no mutual funds or international bonds issued under San Marino law unlike the common practice in several international financial centers. There is considerable room to increase the flexibility and innovation needed to remain internationally competitive while maintaining the strengths and soundness of the financial system.