Kingdom of the Netherlands: Aruba: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision
September 25, 2008
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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
Pages:
63
Volume:
2008
DOI:
Issue:
316
Series:
Country Report No. 2008/316
Stock No:
1ABWEA2008003
ISBN:
9781451800128
ISSN:
1934-7685
