Regulatory Alerts2024-02-13
Circular No. 2012-03 - Periodic Information Obligations of Banks Regarding Prudential Supervision
The Central Bank of San Marino issues Circular No. 2012-03 to establish the periodic reporting obligations for Sammarinese banks regarding prudential supervision. The document mandates the quarterly submission of a standardized notification comprising eleven specific schedules covering solvency, capital adequacy, large exposures, and related-party transactions. It further defines precise calculation methodologies for risk positions, accounting treatments for semi-annual balances, and strict deadlines for data transmission to ensure regulatory compliance.
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