Regulatory Alerts2004-01-01
Central Bank of Samoa Prudential Statements for Development Bank of Samoa 2004
The Central Bank of Samoa issued these 2004 Prudential Statements to extend regulatory oversight to the government-owned Development Bank of Samoa (DBS). The framework mandates specific capital adequacy ratios, limits on asset concentration and connected lending, and strict requirements for asset quality provisioning and internal controls. Compliance is enforced through mandatory monthly and quarterly statistical returns and the active involvement of external auditors in the supervisory process.
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