Curaçao and Sint Maarten: Report on the Financial Soundness Indicators
High-Level Summary Technical Assistance Reports, June 16, 2023
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- Curaçao and Sint Maarten: Report on the Financial Soundness Indicators
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Bibliographic details
- Authors: Brian Kwok Chung Yee, Bidisha Das
- Published: June 16, 2023
- Series: High-Level Summary Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400246333.029
Objective and scope
- High-Level Summary Technical Assistance Report providing a high-level summary of IMF capacity development delivered to Curaçao and Sint Maarten on financial soundness indicators (FSI).
- Mission conducted in collaboration with staff of the Centrale Bank van Curaçao en Sint Maarten (CBCS).
- Publication details:
- By Brian Kwok Chung Yee, Bidisha Das
- June 16, 2023
- Pages: 5
- Volume: 2023
- Issue: 005
- Series: High Level Summary Technical Assistance Report No. 2023/005
- DOI: https://doi.org/10.5089/9798400246333.029
- Stock No: HLSEA2023005
- ISBN: 9798400246333
- ISSN: 2959-4103
Key technical work completed
- Developed bridge tables to compile FSIs for commercial banks and savings banks.
- Designed bridge tables to be linkable, in the long term, with the CBCS database to automate the FSIs compilation process.
- Identified areas for improvements related to the data collection framework for deposit takers to be implemented in the medium term.
Main findings
- The mission successfully developed bridge tables enabling FSI compilation for commercial banks and savings banks.
- The CBCS can start reporting:
- FSI-standard reports
- Financial soundness metadata
- Financial soundness institutional coverage
for dissemination on the IMF’s FSI website for Curaçao and Sint Maarten.
- The mission identified a few areas for improvement in the data collection framework for deposit takers that require medium-term implementation.
Recommendations and implementation
- Implement improvements to the data collection framework for deposit takers in the medium term.
- Link bridge tables with the CBCS database to automate FSIs compilation in the long term.
- Report FSIs to the statistics department as part of the agreed implementation plan.
- A timeframe for implementing the mission recommendations, including reporting FSIs to the statistics department, was discussed and agreed on with CBCS staff.
Source: Curaçao and Sint Maarten: Report on the Financial Soundness Indicators (High Level Summary Technical Assistance Report No. 2023/005, June 16, 2023).
Content in this bundle
- Hlsea2023005