Samoa : Financial Sector Assessment Program.

This Technical Note discusses key findings of the assessment of Banking Resolution, and Crisis Prevention and Management Frameworks for Samoa. It is recommended that the current regulatory framework to deal with financial institutions (FIs) should be reformed. The Central Bank of Samoa (CBS) has iss...

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מידע ביבליוגרפי
מחבר תאגידי: International Monetary Fund. Monetary and Capital Markets Department
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2015.
סדרה:IMF Staff Country Reports; Country Report ; No. 2015/229
נושאים:
גישה מקוונת:Full text available on IMF
תיאור
סיכום:This Technical Note discusses key findings of the assessment of Banking Resolution, and Crisis Prevention and Management Frameworks for Samoa. It is recommended that the current regulatory framework to deal with financial institutions (FIs) should be reformed. The Central Bank of Samoa (CBS) has issued 'Prudential Statements" containing some prudential rules, ratios, and limits applicable to FIs, but there are no general standards for their enforcement, which is done on a purely discretional case-by-case basis. The powers from the Central Bank Act are not strong enough to enable the CBS to take enforcement actions. A fully amended legal and regulatory banking resolution framework is needed for the CBS to be able to deal effectively with serious banking problems.
תאור פריט:<strong>Off-Campus Access:</strong> No User ID or Password Required
<strong>On-Campus Access:</strong> No User ID or Password Required
תיאור פיזי:1 online resource (18 pages)
פורמט:Mode of access: Internet
ISSN:1934-7685
גישה:Electronic access restricted to authorized BRAC University faculty, staff and students