This document provides the main information concerning the San Marino financial system, as well as the activities of CBSM, and in particular reports for the reporting period:
changes in the primary regulatory framework and implementing regulations issued by CBSM;
a brief description of CBSM's supervisory activities and international relations;
key system data and trends;
a description of other institutional functions of CBSM; in this regard, each quarter the activities of the Treasury, Debt Collection, Payment System and Finance Departments are alternately reviewed.
The Quarterly Information Bulletin represents an element of the Central Bank's institutional communication, aimed at principles of transparency and accountability of its action as the Supervisory Authority for the San Marino financial system.