Gains in competitiveness can be achieved through more wage and price flexibility, increased labor productivity, and an improvement of the overall investment climate. Therefore, the governments of Curaçao and Sint Maarten should embark on a policy path of structural economic reforms to strengthen the balance of payments in a sustainable way.
Banking supervision can only be as harmonised as the rules and regulations that govern it. And against that backdrop, the regulatory playing field in Europe is not as level as it should be. Out of kilter – supervisory and regulatory harmonisation in Europe Now you may ask: “hasn’t much been done already to harmonise the regulatory framework?” And the answer, most certainly, is “yes”.