DEVELOPMENTS IN DUTCH CARIBBEAN FINANCIAL LAW
New ordinances and rules to be introduced in 2021
In Curacao and St. Maarten major changes are in the pipeline when it comes to regulatory legislation. In July 2020, the Central Bank (CBCS) launched a consultation round on the draft of three national ordinances and a regulation containing generally binding rules. The first draft concerns the supervision of payment service providers. In order to increase confidence in digital payment services, the draft provides for licensing requirements, substantive rules, oversight of systems, and enforcement and supervision by the CBCS. Promoting a better and more trusted market for card payments, Internet payments …
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WHO IS TO BLAME FOR BLACK MONDAY?
That remains to be seen
‘Blaming others is a sign of low self-esteem because in doing so we are not taking responsibility‘
On Monday 29 September 2008, the US House of Representatives rejected a $700 billion bailout plan aimed at stabilizing the financial system, i.e. a plan to let the least fit survive, triggering the largest point drop in Wall Street’s history.
The bill was trounced by a 228-205 vote, with “no votes” from both the Democratic and Republican sides. The fact is that of the Democrats, 141 voted for the bill and 94, or 40%, voted …
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