, quarterly statements (secondary banks) and the certified annual accounts. The returns are reviewed for compliance with requirements for, amongst others, capital adequacy, liquidity, monitoring large credit exposure.
CBAexaminationstaff are assigned a portfolio of credit institutions. Therefore, they participate in both the onsite and offsite examination of their respective institutions. This enables them, and hence the supervisory authority, to have a full understanding of their respective institutions.
3. On-site examinations are conducted by staff
This paper discusses detailed assessment of compliance with the Basel Core Principles for effective banking supervision for the Kingdom of the Netherlands—Aruba. Aruba’s offshore banking sector is small by international standards, with only two institutions registered. The mission also recommends that the Central Bank of Aruba (CBA) meet with management to better understand their plans for their Aruban operations and their financial results. Aruba remains open to foreign investment and migrant workers, who make up 40 percent of the population and have been key contributors to economic growth.