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Republic of Palau: Assessment of the Supervision and Regulation of the Financial Sector—Volume II: Detailed Assessment of Observance of Standards and Codes

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  • International Monetary Fund

Abstract

This paper reviews key findings of the Detailed Assessment of Observance of Standards and Codes in the Financial Sector of Palau. The assessment reveals that there is a relatively low level of compliance with the Basel Core Principles for Effective Banking Supervision. Palau is compliant with one of the Core Principles, largely compliant with six and materially noncompliant with seven Core Principles. The status of legal protection for supervisors has been assessed as compliant, but is subject to an amendment to be passed by the Congress shortly.

Suggested Citation

  • International Monetary Fund, 2004. "Republic of Palau: Assessment of the Supervision and Regulation of the Financial Sector—Volume II: Detailed Assessment of Observance of Standards and Codes," IMF Staff Country Reports 2004/170, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2004/170
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    Cited by:

    1. Teichmann, Fabian, 2013. "Why Ukraine, Romania and Kazakhstan have been outperformed by Russia and Poland," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 16(4), pages 487-502.
    2. International Monetary Fund, 2004. "Former Yugoslav Republic of Macedonia: Report on the Observance of Standards and Codes (ROSC)—Data Module," IMF Staff Country Reports 2004/309, International Monetary Fund.

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