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

September 25, 2008

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Kingdom of the Netherlands: Aruba: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2008) accessed September 19, 2024

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.

Subject: Banking, Credit, Credit risk, External audit, Financial institutions, Financial regulation and supervision, Loans, Market risk, Money, Public financial management (PFM)

Keywords: Caribbean, CBA authority, CBA examiner, CBA's assertion, Country risk, CR, Credit, Credit institution, Credit risk, Credit risk, External audit, ISCR, Loans, Market risk, Risk management, Supervision department

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/316
Stock No:

1ABWEA2008003
ISBN:

9781451800128
ISSN:

1934-7685

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