The Current Supervisory Practices
The supervisory practices of the CBCS (the Bank) have been the focus of much public attention recently because various institutions under its supervision have been placed under the emergency arrangement.1 While this measure is a necessary tool for the
Bank to discharge its supervisory function effectively, questions have been raised about the proportionality of this intrusive and repressive last resort measure.
Critics contend that the frequent use of this measure by the Bank is tantamount to regulatory overreach. Note, however, that the law provides adequate provisions to insure the proper use of this measure. The Court can
To read more: http://www.smn-news.com/st-maarten-st-martin-news/33260-the-current-supervisory-practices-of-cbcs-a-way-forward.html
View comments
Hide comments