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...

Description complète

Détails bibliographiques
Collectivité auteur: International Monetary Fund. Monetary and Capital Markets Department
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2015.
Collection:IMF Staff Country Reports; Country Report ; No. 2015/229
Sujets:
Accès en ligne:Full text available on IMF
LEADER 01874cas a2200253 a 4500
001 AALejournalIMF022030
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781513528649 
022 |a 1934-7685 
040 |a BD-DhAAL  |c BD-DhAAL 
110 2 |a International Monetary Fund.  |b Monetary and Capital Markets Department. 
245 1 0 |a Samoa :   |b Financial Sector Assessment Program. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
300 |a 1 online resource (18 pages) 
490 1 |a IMF Staff Country Reports 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
651 7 |a Samoa  |2 imf 
830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2015/229 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/002/2015/229/002.2015.issue-229-en.xml  |z IMF e-Library