Transcript Presentation:

The implications of the financialeconomic crisis for the financial services
industry
Presentation: Globalaw Americas Regional meeting
Hotel Hyatt Regency Curacao
June 11th , 2010
Drs. A.G. Romero
Executive director Bank van de Nederlandse Antillen
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Challenges for the local financial sector.
◦ GDP growth 1%
◦ Unemployment rate drops to 10%
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World economic and financial environment.
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World Economic outlook
Performance selected countries
Dow Jones industrial avg. New York
AEX Amsterdam
Euro dollar exchange rate
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Financial services represent 16% of the
economy
16% employment created in the sector
Average of 11% foreign exchange earnings
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Adherence to budgetary norms and corporate
governance rules
Maintaining the financial services industry
flexible and transparent
Transparency and information exchange
standards
Reduction corporate tax rates
Flexiblisation of labor market laws