Board of financial supervision changes media policy

POSTED: 06/29/12 1:03 PM

St. Maarten – The Board of financial supervision Curaçao and St. Maarten (Cft) has decided recently to publish all its advices and reports on its website three weeks after they are issued. The decision was made after the body evaluated its media policy and noted that the public debate regularly opens before the respective documents have been made public. “Sometimes the documents are not made public at all. This can cause confusion and is not transparent,” the Cft states in a release.
One of the Cft’s core values is transparency. The body also believes that making information available to the public is one of the essential aspects of good governance and that it enhances the possibility to carry out control on government.
Cft carries out its media policy based on this core value and within the procedural framework of the Kingdom Law financial supervision on Curaçao and St. Maarten. The law establishes that the advices are made public the moment the budgets and reports are sent to parliament, and herewith start forming part of the public debate of the people’s representatives of the countries and public entities.

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