Regulatory Alerts2026-01-29
Regulation No. 2021-02 on Resolution Procedures for Financial Institutions
The Central Bank of San Marino issued Regulation No. 2021-02 to establish detailed operational rules for the resolution procedures of financial institutions, including administrative suspension, extraordinary administration, bank resolution, and compulsory administrative liquidation. The regulation defines the powers, duties, and remuneration of appointed officials while ensuring the continuity of critical functions and protecting creditors' interests during crises. It also sets forth specific requirements for confidentiality, reporting to the regulator, and the final closure of these resolution proceedings.
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