Regulatory Alerts2026-03-11
San Marino Central Bank at NGFS Plenary in Pretoria: Attention to Financial Stability Risks in Coastal Countries Linked to Mediterranean Biodiversity Loss
The Central Bank of the Republic of San Marino participated in the NGFS Plenary in Pretoria, highlighting how Mediterranean biodiversity loss poses financial stability risks to coastal nations through asset devaluation and credit quality deterioration. The Bank proposed three work directions: enhancing analysis of marine biodiversity impacts, establishing government dialogue for prevention policies, and evaluating cooperation with regional organizations like the Union for the Mediterranean. This initiative aligns with the NGFS's peer-learning approach to developing analytical tools for emerging environmental risks within the financial system.
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