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Contributing to a future-proof financial sector
Kickoff of the Financial Sector Strategic Review project
WILLEMSTAD/PHILIPSBURG – On Tuesday, October 29th, the Centrale Bank van Curaçao en Sint Maarten (CBCS) and Nyenrode Business University successfully launched the Financial Sector Strategic Review (FSSR) project, in the presence of representatives from the financial sector, government, academia, and private sector in Curaçao and Sint Maarten.
A well-functioning and future-proof financial sector is a prerequisite for economic growth and national self-reliance. In the coming years, the local financial sector will increasingly face new challenges but also opportunities stemming from developments such as digitalization, blockchain, artificial intelligence, and evolving regulation. With a sound strategic approach, the financial sector of the monetary union of Curaçao and Sint Maarten can capitalize on these changes and maximize future opportunities. The FSSR initiative seeks to contribute to a future financial sector that supports sustainable economic growth in Curaçao and Sint Maarten and, in turn, fosters the self-reliance of both countries. Nyenrode Business University will conduct a thorough assessment of current structures, systems, regulations, and opportunities across the financial markets.