SUPERVISORY DIRECTORS ARE A TYPE OF BAYWATCHERS
When you dress a lizard in a suit you will have trouble with his tail!
A seminar on Financial Institutions and their Supervisor was held in Aruba on Wednesday April 20, 2016. The seminar was organized by the Aruba Bankers’ Association & Insurance Association of Aruba. I was one of the keynote speakers and delivered my presentation in the English language (click here for the presentation).
I have addressed several issues. Here follow a few quotes:
What makes financial institutions like banks and insurance companies special is that the scope of duties of managing and supervisory directors …
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FATUM HOLDING ACQUIRES ROYAL & SUN ALLIANCE (ANTILLES)
Press release
Fatum Holding N.V. (Fatum), today announced the acquisition by Fatum of 100% of the issued share capital of Royal & Sun Alliance Insurance (Antilles) N.V. from the RSA Group and Maduro & Curiel’s Bank.
The financial terms of the transaction are not being disclosed at this time. The successful completion of this transaction is subject to all necessary approvals from the Regulators in Curacao, Sint Maarten, Aruba and the islands of Bonaire, Sint Eustatius and Saba.
RSA (Antilles) is a major provider of General Insurance products and services in the Dutch Caribbean, and is jointly owned by the …
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BES LAW DEVELOPMENTS
Bonaire, St. Eustatius and Saba (BES)
Within a couple of years, the BES Islands, as public entities, will be part of the country of the Netherlands in the framework of the political restructuring in the Kingdom of the Netherlands. The US dollar will be introduced as the new currency in the BES Islands. Curacao and St. Maarten will each become a country within the Kingdom of the Netherlands and have their own legislation and regulations.
The starting point of the political restructuring is that Dutch legislation will be introduced only gradually into the BES Islands. It has been established that …
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