Samoa : Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision

Author/Editor:

International Monetary Fund

Publication Date:

June 29, 2007

Electronic Access:

Free Full text (PDF file size is 489 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Detailed Assessment of Compliance with the Basel Core Principles for Samoa highlights general preconditions for effective banking supervision. The Central Bank of Samoa (CBS) should consider introducing some straightforward specific capital charges for market price risk and foreign exchange risk. The CBS should require banks to have in place mechanisms for regularly valuing collateral and assessing the strength of guarantees. Several recommendations to further improve the regulatory role of the CBS in accordance with current international standards have been noted and future efforts shall focus on incorporating and developing these as appropriate.

Series:

Country Report No. 07/222

Subject:

English

Publication Date:

June 29, 2007

ISBN/ISSN:

9781451840766/1934-7685

Stock No:

1WSMEA2007004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

51

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