Republic of Palau : Assessment of the Supervision and Regulation of the Financial Sector—Volume II: Detailed Assessment of Observance of Standards and Codes

Author/Editor:

International Monetary Fund

Publication Date:

June 23, 2004

Electronic Access:

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Summary:

This paper reviews key findings of the Detailed Assessment of Observance of Standards and Codes in the Financial Sector of Palau. The assessment reveals that there is a relatively low level of compliance with the Basel Core Principles for Effective Banking Supervision. Palau is compliant with one of the Core Principles, largely compliant with six and materially noncompliant with seven Core Principles. The status of legal protection for supervisors has been assessed as compliant, but is subject to an amendment to be passed by the Congress shortly.

Series:

Country Report No. 04/170

Subject:

English

Publication Date:

June 23, 2004

ISBN/ISSN:

9781451831528/1934-7685

Stock No:

1PLWEA0042004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

53

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