The Central Bank of the Republic of San Marino (CBSM) has signed a Memorandum of Understanding with Bulgaria's Financial Supervision Commission (FSC), formalising bilateral cooperation and information exchange to support each authority’s supervisory and regulatory functions. The MoU structurally concludes a cooperation process initiated in April 2025, under which the two authorities had already been cooperating ahead of the formal agreement. The framework is intended to provide a basis for mutual assistance in the supervision and regulation of supervised entities. The MoU was signed by CBSM Managing Director Andrea Vivoli and FSC President Vasil Golemansky, with the FSC described as Bulgaria’s supervisory authority for capital markets, insurance, and pension insurance. CBSM President Catia Tomasetti noted this is the central bank’s tenth such agreement, with seven concluded over the past three years, and linked the step to CBSM’s broader international relations in the context of the Association Agreement between San Marino and the European Union.
Central Bank of San Marino 2026-03-11
Central Bank of the Republic of San Marino signs cooperation MoU with Bulgaria's Financial Supervision Commission
The Central Bank of the Republic of San Marino (CBSM) and Bulgaria's Financial Supervision Commission (FSC) have signed a Memorandum of Understanding to formalize cooperation and information exchange for supervisory and regulatory functions. Signed by CBSM Managing Director Andrea Vivoli and FSC President Vasil Golemansky, this marks CBSM's tenth such agreement, enhancing its international relations within the context of the Association Agreement with the European Union.