1. The implications of the financial- economic crisis for the financial services industry Presentation: Globalaw Americas Regional meeting Hotel Hyatt Regency Curacao June 11 th, 2010 Drs. A.G. Romero Executive director Bank van de Nederlandse Antillen

3.  Challenges for the local financial sector. ◦ GDP growth 1% ◦ Unemployment rate drops to 10%  World economic and financial environment. ◦ World Economic outlook ◦ Performance selected countries ◦ Dow Jones industrial avg. New York ◦ AEX Amsterdam ◦ Euro dollar exchange rate

4.  Financial services represent 16% of the economy  16% employment created in the sector  Average of 11% foreign exchange earnings

5.  Adherence to budgetary norms and corporate governance rules  Maintaining the financial services industry flexible and transparent  Transparency and information exchange standards  Reduction corporate tax rates  Flexiblisation of labor market laws

9. China

10. USA

11. Greece

12. Portugal

13. Italy

14. Spain

16. Euro – dollar exchange rate Q1 2001 – Q2 2010

17. Gold World spot prices (in USD)

18. AEX index Amsterdam Q4 2008- Q2 2010

19. AEX Amsterdam Q2 2007- Q2 2010

20. Dow Jones Industrial Avg. (New York) Q4 -2008 - Q2 2010

21. Dow Jones Industrial Avg Q2 2007- Q2 2010