THE CENTRAL BANK OF THE DUTCH CARIBBEAN
There is only one financial regulator
The Netherlands Antilles have one financial regulator: the Central Bank of the Netherlands Antilles (‘Bank van de Nederlandse Antillen’). The Central Bank is a separate legal entity (‘rechtspersoon’) having its seat at Curaçao.
The Central Bank is also an independent administrative body (‘zelfstandig bestuursorgaan’) and is therefore not subject to the political responsibility of the Minister of Finance.
The Central Bank’s most important objectives are to maintain the external stability of the Netherlands Antillean guilder and to promote the efficient functioning of the financial system in the Netherlands Antilles.
The Central Bank supervises, a.o., credit institutions (monetary and prudential supervision), insurance companies, fiduciary companies (a.k.a. trust companies), investment institutions and administrators (for further info click here).
Karel Frielink
Curacao-based Attorney (lawyer) / Partner
