Kingdom of the Netherlands: Aruba: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision

Volume/Issue: Volume 2008 Issue 316
Publication date: September 2008
ISBN: 9781451800128
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Money and Monetary Policy , Public Finance , ISCR , CR , risk management , credit institution , CBA authority , CBA examiner , CBA's assertion , supervision department , credit risk , country risk , Credit , Market risk , Credit risk , External audit , Loans , Caribbean

Summary

This paper discusses detailed assessment of compliance with the Basel Core Principles for effective banking supervision for the Kingdom of the Netherlands—Aruba. Aruba’s offshore banking sector is small by international standards, with only two institutions registered. The mission also recommends that the Central Bank of Aruba (CBA) meet with management to better understand their plans for their Aruban operations and their financial results. Aruba remains open to foreign investment and migrant workers, who make up 40 percent of the population and have been key contributors to economic growth.