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

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.

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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 \| International banking \| banking \| banking supervisors \| money laundering \| banking supervision \| risk management \| internal control \| connected lending \| capital adequacy \| consolidated supervision \| banking business \| banking sector \| internal controls \| bank management \| foreign banks \| accounting standards \| supervisory authorities \| internal audit \| criminal offence \| good faith \| foreign exchange \| supervisory authority \| licensing requirements \| customer transactions \| international standards \| bank directors \| share capital \| internal control systems \| customer identification \| suspicious transactions \| reporting requirements \| beneficial owners \| enforcement powers \| international accounting standards \| prudential supervision \| external auditor \| financial intelligence unit \| credit risk management \| offshore banks \| licensing process \| due diligence \| false information \| foreign authorities \| bank supervisor \| capital adequacy ratio \| banking system \| regulatory authority \| financial soundness \| money laundering requirements \| asset classification \| prudential regulation \| bank records \| disciplinary proceedings \| banking license \| risk management systems \| secrecy laws \| regulatory requirements \| mutual evaluation \| adequate enforcement powers \| bank reporting \| banking operation \| banking industry \| bank liquidity \| information dissemination \| know your customer \| bank securities \| due diligence requirements \| criminal elements \| licensing authority \| bankrupt \| capital requirement \| information exchange \| regulatory frameworks \| banks ? asset \| bank activities \| foreign asset \| risk profile \| foreign authority \| credit union \| audit function \| bank supervisory authorities \| criminal record \| precious metals \| holding company \| offshore banking \| foreign branches \| information collection \| capital base \| bank supervisors \| banking operations \| share information \| average risk \| reputational risk \| bank of england \| deposit insurance \| client money \| supervisory regime \| adequate confidentiality \| banking practice \| equity investment \| bank exposures \| beneficial ownership

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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 07/222 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011243400