Plan for deposit guarantee regulation: too little, too late

PHILIPSBURG – The Central Bank of Curacao and Sint Maarten (CBCS) has presented the governments of both countries with a draft national ordinance aimed to establish a deposit guarantee regulation. Such a measure would protect the deposits of accountholders at licensed banks. For accountholders at the Christian Kingdom Cooperative in St. Maarten that More...

by The Publisher | Published 7 months ago
By The Publisher On Sunday, January 19th, 2020
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Bank Fees should be justified and approved by Parliament

The Sint Maarten Insurance Brokers Association is calling on the 15 newly elected members of parliament to go to work soonest and focus on some key issues relating to the financial sector. Besides our own experiences, More...

By The Publisher On Saturday, November 30th, 2019
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“Public statement is a blemish on the whole Kingdom”

PHILIPSBURG – The Caribbean Financial Action Task Force (CFATF) issued a public statement against St. Maarten during its fiftieth plenary meeting in Antigua last week. This is due to the country’s failure to More...

By The Publisher On Sunday, November 24th, 2019
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Central Bank counters complaints by Ennia’s supervisory board

PHILIPSBURG – The Central Bank of Curacao and St. Maarten (CBCS) is not happy with a letter Faroe Metry, president of the supervisory board of insurance company Ennia’s operating units, wrote. The Central Bank More...

By Online Editor On Saturday, November 23rd, 2019
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A Salute To Men – International Men’s Day Observed At CIBC FirstCaribbean

St. Maarten, Philipsburg, November 21, 2019 – CIBC FirstCaribbean St. Maarten saluted their male staff as the bank observed International Men’s Day (IMD) recently. Under this year’s theme, “Men Leading More...

By The Publisher On Tuesday, November 12th, 2019
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Foreign investors move in on St. Maarten’s banking sector

PHILIPSBURG – Foreign investors are moving in on the banking sector in St. Maarten, After Trinidad-based Republic Financial Holdings Limited bought the activities of Scotia Bank – that will now become Republic More...

By The Publisher On Saturday, June 15th, 2019
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Bob Traa appointed Central Bank president

WILLEMSTAD/PHILIPSBURG — Effective June 13, 2019, Bob Traa has been temporarily appointed by the Supervisory Board (SB) of the Central Bank of Curaçao and St. Maarten (CBCS) as President of the CBCS in anticipation More...

By The Publisher On Tuesday, April 23rd, 2019
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Public Service Announcement CBCS

Public Service Announcement provided by the Central Bank of Curacao & St. Maarten. If you have renovated or purchased big-ticket items for your home, then you need to get an appraisal and adjust your insurance More...