PM meets with CFT representatives

POSTED: 01/25/13 12:26 PM

St. Maarten – Prime Minister Sarah Wescot-Williams met with representative on the Board for Financial Supervision (Cft) Richard Gibson Sr, and Chairman of the Cft, Professor Age Bakker, at her cabinet yesterday. The PM met with the two representatives to discuss various matters concerning the Cft and government. The prime minister also received a progress report prior to the Cft’s pending meeting with the Council of Ministers.

Cft Curaçao and St. Maarten exercises supervision as regulated in the consensus Kingdom Act financial supervision Curaçao and St. Maarten.

Cft Curaçao and St. Maarten consists of four members: the chairman, a member in accordance with the feelings of the council of ministers of Curacao, a member in accordance with the feelings of the council of ministers of St. Maarten and a member a member in accordance with the feelings of the Council of Ministers of the Netherlands. The two boards are supported by a joint secretariat that has its offices on both countries. The secretary and the staff are employed by the Minister of Interior Affairs and Kingdom Relations Ronald Plasterk.

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