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

Based on the request of the Central Bank of San Marino (CBSM), an assessment of San Marinoâ€™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 Marinoâ€™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.

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Year of publication:	2010-10-20
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank legislation \| Bank supervision \| Banking sector \| Basel Core Principles \| Central bank role \| Financial Sector Assessment Program \| banking \| internal audit \| risk management \| banking supervision \| due diligence \| consolidated supervision \| banking system \| capital adequacy \| financial crime \| money laundering \| bank secrecy \| internal controls \| risk profile \| foreign banks \| compliance officer \| accounting standards \| supervisory authority \| foreign authority \| good faith \| banking supervisors \| capital requirement \| banknotes \| terrorist financing \| banking assets \| information exchange \| risk customers \| ethical standards \| international cooperation \| supervisory approach \| internal control \| suspicious transaction \| beneficial ownership \| regulatory authority \| beneficial owners \| basel accord \| reporting requirements \| off balance sheet \| bank assets \| suspicious transactions \| deposit insurance \| payment systems \| capital adequacy ratio \| international standards \| foreign authorities \| shell banks \| tier 2 capital \| suspicious transaction report \| customer acceptance \| due diligence procedures \| banking risk \| tier 1 capital \| licensing authority \| regulatory requirements \| income statement \| administrative sanctions \| law enforcement \| secrecy provisions \| domestic legislation \| securities transactions \| banking activities \| financial operations \| intelligence units \| legal obligations \| financial intelligence units \| connected lending \| false information \| adequate compliance \| anonymous accounts \| small bank \| bank securities \| predicate offence \| internal programs \| external auditor \| accounting system \| supervisory authorities \| supervisory regime \| licensing process \| share information \| reserve requirement \| criminal sanctions \| adequate powers \| accounting firms \| securities activities \| cash transactions \| bank directors \| suspicious transaction reports \| bank accounts \| bank group \| bank management \| collective investment schemes \| bank policy \| transaction reports \| bank balance sheets \| monetary authority \| banking system assets \| bank ownership \| foreign exchange \| bank supervisor \| criminal activities \| subvention \| financial activity \| reputational risk \| credit risk management \| identification procedures \| bank exposures \| judicial authority \| capital base \| loan concentration \| internal policies \| financial strength \| banking business \| regulatory bodies \| tax evasion \| criminal authorities

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/319 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011245309