Kingdom of the Netherlandsâ€”Netherlands Antilles; Assessment of the Supervision and Regulation of the Financial Sector Volume IIâ€” Detailed Assessment of Observance of Standards and Codes

This detailed assessment of the observance of standards and codes in the financial sector of the Kingdom of the Netherlandsâ€”Netherlands Antilles reviews implementation of the Basel Core Principles for effective banking. Legal provisions are in place entrusting the Bank of the Netherlands Antilles (BNA) to regulate the insurance sector and designate it as the licensing authority. The BNA considered that asset quality issues were relevant primarily for domestic institutions and less for international banks in the Netherlands Antilles.

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Year of publication:	2004-08-26
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Financial sector \| Fund role \| Offshore financial centers \| Reports on the Observance of Standards and Codes \| banking \| banking supervision \| unusual transactions \| money laundering \| risk management \| internal audit \| banking supervisors \| internal control \| capital adequacy \| life insurance \| insurance supervisors \| supervisory authorities \| bank examiners \| supervisory authority \| internal controls \| external auditor \| bank management \| suspicious transactions \| banking sector \| financial intermediaries \| insurance business \| foreign banks \| risk profile \| foreign exchange \| share information \| due diligence \| consolidated supervision \| supervisory agency \| licensing authority \| reporting requirements \| banking activities \| legal entity \| competent authorities \| criminal activity \| accounting standards \| exchange information \| licensing process \| criminal activities \| audit function \| compliance officer \| licensing requirements \| internal control systems \| law enforcement \| customer identification \| good faith \| banking system \| banking license \| reputational risk \| reinsurance companies \| loan classification \| foreign branches \| financial strength \| suspicious activities \| banking institutions \| bankers \| criminal case \| risk customers \| adequate safeguards \| internal control procedures \| bank operations \| internal policies \| money laundering activities \| share capital \| private banking \| criminal record \| transaction reports \| criminal elements \| credit risk management \| information exchange \| terrorism finance \| international accounting standards \| terrorism financing \| false information \| prudentially regulated sectors \| problem bank \| suspicious transaction \| supervisory boards \| risk management systems \| international standards \| financial intelligence units \| financial intelligence unit \| internal procedures \| reporting obligations \| legal entities \| criminal authorities \| precious metals \| intelligence units \| transaction records \| banking business \| foreign authorities \| bank notes \| enforcement authorities \| financial transaction \| account number \| international cooperation \| bankers association \| suspicious activity \| bank records \| law enforcement authorities \| supervisory authorities information \| financial intermediary \| due regard \| administrative sanctions \| regulatory bodies \| transaction reporting \| connected lending \| banking services \| adequate powers \| financial fraud \| criminal records \| criminal investigation \| supervisory framework \| funds transfers \| enforcement powers \| criminal matters \| professional secrecy \| control structure \| illegal activities \| supervisory process \| material participation \| adequate sanctions \| credit policy \| financial operations \| bank supervisors \| suspicious transaction report \| internal rules \| lawful purpose \| banking laws \| prudential supervision \| suspicious activity reports \| judicial purpose \| banking associations \| non cooperative countries \| beneficial owners \| laundering activities \| confiscated property \| foreign exchange transactions \| suspected money laundering activities \| terrorist financing \| insurance contract \| confiscation of property \| legal assistance \| assessed risk \| strict safeguards \| banking operations \| due consideration \| supervisory body \| currency transactions \| foreign counterparts \| accounting system \| criminal law \| cash transactions \| banking industry \| suspected money laundering \| unusual transaction reports \| customer identification requirements \| factual circumstances \| capital base \| customer accounts \| settlement risk \| supervisory agencies \| bank deposits \| secrecy laws \| supervisory responsibilities \| domestic law \| credit reporting records \| suspicious patterns \| material change \| insurance law \| financial records \| rosc framework \| predicate crime \| fictitious names \| bank for international settlements \| anonymous accounts \| wire transfer \| account opening \| loan review \| monetary instruments \| assessment process \| regulatory measures \| supervisory bodies \| problem loan \| bank exposures \| criminal prosecution \| confidentiality requirements \| judicial authorities \| customs records \| average risk \| auditing practices \| penal code \| electronic money \| safe deposit box \| peer group comparison \| nonperforming loan \| suspicious transaction reports \| money laundering requirements \| financial transaction taxes \| bank staff \| banking products \| deposit insurance \| shell corporation \| criminal sanctions \| bank supervisor \| adequate enforcement powers \| business relations \| suspicious transactions information \| income statement \| return on assets \| financial supervision \| money remitters \| bank holding \| loan loss provision \| international currency transactions \| fighting money laundering \| regulatory judgments \| money launderers \| law enforcement agencies \| bank regulations \| foreign exchange risk management \| federal deposit insurance \| bank licenses \| securities activities \| bank holding companies \| financial sector regulation \| accounting firms \| level playing field \| asset classification \| criminal justice \| financial investigations \| beneficial ownership \| financial claims \| financial system integrity \| offshore banks \| bankers ? association \| risk management practices \| basel accord \| bank performance \| banking companies \| bank account \| legal impediments

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/272 13 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005824889