Warren Buffett Steps Down, Names Son Howard as Berkshire Chairman

The Centrale Bank van Curaçao en Sint Maarten (CBCS) announced on September 17, 2026, that it is raising its pledging rate from its previous level to 4.50%, a key monetary policy tool used to influence lending and liquidity in the monetary union. The reserve requirement was left unchanged at 18.50%. The decision comes amid growing global trade uncertainty and an anticipated decline in the monetary union's foreign exchange reserves. Foreign exchange reserves are critical for Curaçao and Sint Maarten because the Antillean guilder is pegged to the US dollar, meaning sufficient reserves must be maintained to defend that peg. By raising the pledging rate, the CBCS makes borrowing from the central bank more expensive, which is intended to reduce credit growth and curb demand for foreign currency. The move signals that the central bank is taking a more cautious, tightening stance to protect monetary stability in the face of external economic pressures. Both Curaçao and Sint Maarten are affected by this policy decision, as they share the CBCS as their joint central bank.

Warren Buffett, one of the world's most celebrated investors, has announced he is stepping down as chairman of Berkshire Hathaway after more than six decades leading the conglomerate. Buffett, 94, will hand the chairman's seat to his son Howard Buffett, marking a historic leadership transition at one of the largest companies in the United States. The elder Buffett had previously announced in May 2025 that Greg Abel would take over as CEO, and this latest move completes the generational handover of the company. Berkshire Hathaway oversees a vast portfolio of businesses and investments spanning insurance, railroads, energy, and consumer brands. The transition signals the end of an era for Wall Street, as Buffett's investment philosophy and leadership style have shaped global financial markets for decades. Markets responded to the broader news cycle with a bounce, according to reports from CNBC. Howard Buffett, a philanthropist and farmer, is expected to take on a governance rather than operational role as chairman.

Also from:The New York Times

The Centrale Bank van Curaçao en Sint Maarten (CBCS) has been chosen to receive international technical assistance through the Network for Greening the Financial System (NGFS) in its first round of capacity-building initiatives. The NGFS is a global coalition of central banks and financial supervisors working to manage climate-related risks within the financial sector. This selection positions the CBCS among a group of institutions receiving targeted support to develop and strengthen climate scenario analysis — a tool used to assess how climate change could impact financial stability. For the twin-island territories of Curaçao and Sint Maarten, both vulnerable to rising sea levels and extreme weather, integrating climate risk into financial oversight is increasingly critical. The technical assistance will help CBCS build the analytical frameworks needed to evaluate climate-related financial risks more effectively. This move aligns the CBCS with broader international efforts to make financial systems more resilient in the face of climate change.