Bank of Netherlands Antilles to be investigated

The financial supervision exercised by the Bank of the Netherlands Antilles (BNA) is to be checked once more by the Dutch Financial Market Authority (AFM). Last month it was announced that the AFM had found the BNA to be seriously lacking in its financial supervision tasks.

The BNA disagreed with the authority and said that much damage had been done to the country's financial sector. The central bank said yesterday that it had invited the AFM to carry out another investigation of the financial