IMF Staff Country Reports

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

June 29, 2007

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Samoa: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2007) accessed November 21, 2024

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.

Subject: Banking, Basel Core Principles, Capital adequacy requirements, Financial institutions, Financial regulation and supervision, Foreign banks, Internal controls, International banking, Market risk, Revenue administration

Keywords: Asia and Pacific, Asset quality, Bank supervisor, Banking group accounting policy, Basel Core Principles, Capital adequacy requirements, Chief executive, Country risk, CR, Credit policy, Domestic bank, Financial condition, Foreign banks, Global, Internal controls, International bank, ISCR, Market risk, Ownership interest, Parent bank supervisor, Risk management, Risk profile

Publication Details

  • Pages:

    51

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/222

  • Stock No:

    1WSMEA2007004

  • ISBN:

    9781451840766

  • ISSN:

    1934-7685