The Central Bank of the Republic of San Marino has published the Position Paper "Challenges and Opportunities for San Marino's Financial System," which updates the previous 2019 analysis by extending the scope of observation to the entire financial system and offering an organic picture of the main macroeconomic and public finance profiles, as well as the evolution and structure of the supervised segments.
The document highlights how, in recent years, the implementation of the Financial System Strategy (FSS) and supervisory action have contributed to the gradual strengthening of the banking sector, which today has good levels of liquidity and capitalization, adequate profitability, governance aligned with the best European standards, and significantly improved capitalization and asset quality. In this process, Central Bank, in accordance with its statutory purposes, has provided support to the Republic's financial system while also fulfilling functions of stimulation and guidance.
The document illustrates the results achieved and identifies priorities for the future, with particular reference to the completion of initiatives to reduce residual critical issues and full alignment with the European regulatory framework, also in view of the opportunities arising from the path of European integration. In this context, strategic directions are outlined and policy recommendations formulated to support institutions and operators, aimed at consolidating achievements and seizing opportunities arising from a broader competitive environment.
The Position Paper is available in the "Interventions" series section of the website.
For information: External Relations - Central Bank of the Republic of San Marino (email: relazioni.esterne@bcsm.sm ).