European Parliament Library

Samoa :, Assessment of Financial Sector Supervision and Regulation including Report on the Observance of Standards and Codes on Banking Supervision

This assessment of Financial Sector Supervision and Regulation for Samoa provides an overview of legal and institutional frameworks. Compliance with the Basel Core Principles (BCPs) for the supervision of international and domestic banks has improved considerably. Supervision of domestic banks should be strengthened further through issuance of additional guidance on banks’ risk-taking activities and corporate governance. Consideration should be given to enhancing the operational independence of the Samoa International Finance Authority (SIFA) to supervise international banks
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Financial System Overview; A. Overview of the Legal and Institutional Framework; B. Financial Institutions and Market; III. Findings from Earlier Assessments and Authorities Response; IV. Main Findings And Recommendations; A. General Issues; B. Banking Supervision; Text Table; 1. Samoa: Structure of the Domestic Financial System, 2002-06; Appendices; I. Report on the Observance of Standard and Codes; Appendix Tables; 2. Domestic Banking Sector: Recommended Action Plan to Improve Compliance with the Basel Core Principles
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (33 p.)
Specific Material Designation
Form Of Item

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