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PB2024-027 CBCS issues Guideline for the Sound Management of Operational Risk

View the complete publication in PDF: (Dutch) (English) (Papiamentu

The Centrale Bank van Curaçao en Sint Maarten (CBCS) recently issued the Guideline for the Sound Management of Operational Risk. This guideline provides guidance to all regulated entities to identify, measure and proactively manage, monitor and mitigate operational risk. All regulated entities are expected to observe this guideline and apply this in their daily operations.

Regulated entities will have one-year to take action to comply after which the guideline will be converted into a general binding regulation (in Dutch: algemeen verbindend voorschrift).

This guideline is published on the CBCS website under the Legislation & Guidelines section.

Last updated: 10.07.2024 17:07