Samoa; Assessment of Financial Sector Supervision and Regulation including Report on the Observance of Standards and Codes on Banking Supervision

This assessment of Financial Sector Supervision and Regulation for Samoa provides an overview of legal and institutional frameworks. Compliance with the Basel Core Principles (BCPs) for the supervision of international and domestic banks has improved considerably. Supervision of domestic banks should be strengthened further through issuance of additional guidance on banksâ€™ risk-taking activities and corporate governance. Consideration should be given to enhancing the operational independence of the Samoa International Finance Authority (SIFA) to supervise international banks.

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Year of publication:	2007-06-29
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Banking systems \| Basel Core Principles \| Combating the financing of terrorism \| Financial systems \| Financial sector \| Financial institutions \| International banking \| Reports on the Observance of Standards and Codes \| international banks \| money laundering \| international standards \| risk management \| banking supervision \| financial services \| financial system \| terrorist financing \| internal controls \| international finance \| offshore banks \| law enforcement \| interest rate risk \| suspicious transaction \| financial sector supervision \| financial intelligence unit \| supervisory authority \| insurance supervisors \| domestic financial system \| customer identification \| risk profile \| money laundering offence \| supervisory standards \| information exchange \| domestic financial sector \| accounting standards \| collective investment schemes \| know your customer \| suspicious transaction report \| suspicious transaction reports \| legal assistance \| transaction reports \| regulatory authority \| shell banks \| supervisory authorities \| prudential regulation \| mutual evaluation \| suspicious transactions \| share capital \| financial service providers \| banking supervisors \| due diligence \| criminal matters \| supervisory responsibilities \| reporting requirements \| regulatory frameworks \| exchange information \| law enforcement agencies \| financial soundness \| life insurance \| supervisory arrangements \| foreign banks \| supervisory practice \| supervisory framework \| financial statements \| supervisory agency \| market participants \| trust service providers \| good faith \| disciplinary proceedings \| anti money laundering \| international financial system \| money laundering measures \| suspicious transaction reporting \| customer accounts \| deposit insurance \| due diligence procedures \| insurance business \| supervisory agencies \| transaction reporting \| reporting forms \| prudential supervision

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/221 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011244779