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The implications of the financial- economic crisis for the financial services industry Presentation: Globalaw Americas Regional meeting Hotel Hyatt Regency.

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Presentation on theme: "The implications of the financial- economic crisis for the financial services industry Presentation: Globalaw Americas Regional meeting Hotel Hyatt Regency."— Presentation transcript:

1 The implications of the financial- economic crisis for the financial services industry Presentation: Globalaw Americas Regional meeting Hotel Hyatt Regency Curacao June 11 th, 2010 Drs. A.G. Romero Executive director Bank van de Nederlandse Antillen

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3  Challenges for the local financial sector. ◦ GDP growth 1% ◦ Unemployment rate drops to 10%  World economic and financial environment. ◦ World Economic outlook ◦ Performance selected countries ◦ Dow Jones industrial avg. New York ◦ AEX Amsterdam ◦ Euro dollar exchange rate

4  Financial services represent 16% of the economy  16% employment created in the sector  Average of 11% foreign exchange earnings

5  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

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9 China

10 USA

11 Greece

12 Portugal

13 Italy

14 Spain

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16 Euro – dollar exchange rate Q – Q2 2010

17 Gold World spot prices (in USD)

18 AEX index Amsterdam Q Q2 2010

19 AEX Amsterdam Q Q2 2010

20 Dow Jones Industrial Avg. (New York) Q Q2 2010

21 Dow Jones Industrial Avg Q Q2 2010


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