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

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 222

Publication date: June 2007

ISBN: 9781451840766

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Public Finance , ISCR , CR , international bank , risk management , banking group accounting policy , country risk , financial condition , parent bank supervisor , credit policy , domestic bank , asset quality , risk profile , chief executive , ownership interest , bank supervisor , Foreign banks , Internal controls , Capital adequacy requirements , Basel Core Principles , Market risk , Global , Asia and Pacific

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

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.