01874cas a2200253 a 4500 AALejournalIMF022030 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513528649 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Samoa : Financial Sector Assessment Program. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (18 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Samoa imf IMF Staff Country Reports; Country Report ; No. 2015/229 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/229/002.2015.issue-229-en.xml IMF e-Library