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Introduction to the Code of Conduct

The Code of Conduct of the Central Bank of the Republic of San Marino (the "Code") outlines the commitment that all recipients must make regarding their professional behavior, both inside and outside the Bank.

In the spirit of complete transparency, the Code has been publicly available on the Central Bank's website since its initial approval. It is structured around three core principles:

  1. Act with integrity and demonstrate impartiality

    Recipients must remain free from any form of inappropriate influence, acting with objectivity and integrity, as personal interests should never affect workplace decisions. Impartiality is essential, as all actions must prioritize the public interest. This principle encompasses the Bank’s policies on conflicts of interest, loyalty relations, and the procedure for taking on external assignments. It also sets requirements for reporting non-compliance with the Code and outlines the proper use of Bank resources. These obligations apply to everyone, as each individual is responsible for reporting any concerns about the impartiality of all covered persons in a timely and accurate manner.

  2. Be open and accountable

    All decisions and actions are subject to public scrutiny. This principle focuses on how recipients should communicate, whom they should communicate with, and how they should engage with both San Marino and international institutions and authorities. The Code emphasizes the responsibility of recipients to communicate effectively and accurately, ensuring no misinformation. It also highlights the importance of internal confidentiality and the appropriate handling of information, alongside growing concerns about external behavior, particularly in cases of non-compliance with communication procedures or disclosure of information that could harm the Bank's reputation.

  3. Creating an inclusive culture

    To fulfill the Bank's mission, it is essential to foster an inclusive culture where everyone feels comfortable, respected, and valued, regardless of their differences. This principle underlines the Bank’s commitment to managing and appreciating diversity, while promoting an environment of inclusion. Discrimination, bullying, or harassment will not be tolerated. It also details the procedures for reporting discriminatory behavior or inappropriate conduct. Recipients are encouraged to report any issues without fear of retaliation. The Diversity & Inclusion Coordination will support the Ethics Committee on such matters.