Law Change Coming To Ease Offering Of Banking Services
Wopke Hoekstra
THE HAGUE--On Tuesday, Dutch Minister of Finance Wopke Hoekstra announced that he is preparing a law change to enable Dutch commercial banks to offer current accounts to residents of Bonaire, St. Eustatius and Saba without an additional permit.
Under the existing financial markets law, Dutch banks cannot offer euro current accounts in the Caribbean Netherlands without an additional permit. This hampers residents on the three islands, which are part of the Netherlands, from having a Dutch bank account.
In response to written questions submitted by (then) Member of the Second Chamber of the Dutch Parliament Antje Diertens of Democratic Party D66, Minister Hoekstra explained that last year, he engaged in talks with the Dutch banking sector to remove obstacles that are now experienced in offering banking services in the Caribbean Netherlands.
As a result of these talks, the minister is now preparing a legislation change so Dutch banks can offer current accounts in euros to residents of the islands Read more
Candidates in this article: