This detailed assessment of the observance of standards and codes in the financial sector of the Kingdom of the NetherlandsaNetherlands 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.In the case of a life insurance company, termination includes the maturity or earlier termination of the policy. The criteria are consistent with FATF Recommendation 12. Description The procedures manual for the verification of compliance ofanbsp;...
|Title||:||Kingdom of the Netherlands—Netherlands Antilles|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2004-08-26|