Kingdom of the Netherlands—Netherlands Antilles: Assessment of the Supervision and Regulation of the Financial Sector Volume II— Detailed Assessment of Observance of Standards and Codes

Volume/Issue: Volume 2004 Issue 272
Publication date: August 2004
ISBN: 9781451801033
$20.00
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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , ISCR , CR , credit institution , business plan , senior management , AML guideline , central bank , board of directors , interest rate , credit system , corporate governance , compliance officer , country risk , Insurance companies , Credit , Insurance , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Bank supervision , Global

Summary

This detailed assessment of the observance of standards and codes in the financial sector of the Kingdom of the Netherlands—Netherlands Antilles reviews implementation of the Basel Core Principles for effective banking. Legal provisions are in place entrusting the Bank of the Netherlands Antilles (BNA) to regulate the insurance sector and designate it as the licensing authority. The BNA considered that asset quality issues were relevant primarily for domestic institutions and less for international banks in the Netherlands Antilles.