The Central Bank of Solomon Islands (CBSI) is consulting on a proposed credit union reporting and governance framework intended to strengthen financial management, risk oversight and accountability. Speaking at a credit union symposium, CBSI Deputy Governor Raynold Moveni urged credit union leaders and officers to strengthen governance and financial accountability to protect members’ interests and support institutional sustainability. The proposed PEARLS-G Reporting Template and Practice Guidance Notes would promote greater consistency, transparency and financial discipline across credit unions. The consultation covers proposed indicators and reporting requirements, alongside implementation challenges and support needs, with the aim of making the framework proportionate and relevant to credit unions’ operating conditions.
Central Bank of Solomon Islands consults on proposed credit union reporting and governance framework
The Central Bank of Solomon Islands is consulting on the proposed PEARLS-G Reporting Template and Practice Guidance Notes to strengthen credit union governance, financial management and risk oversight. At a credit union symposium, Deputy Governor Raynold Moveni called for stronger financial accountability, while the consultation addressed reporting requirements, implementation challenges and support needs.