Trinidad and Tobago: Selected Issues
March 30, 2011
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In this study, the economic developments and policy responses of Trinidad and Tobago after the crisis is reviewed. Policy recommendations are used to strengthen the legal and regulatory framework. According to the IMF’s financial system stability assessment (FSSA), there were critical gaps in the overall legal, regulatory, and supervisory structure for the insurance sector. The quality of insurance sector supervision can be assessed against internationally accepted established “core principles.” In this paper, an overview is presented of why the crisis occurred and some suggestions on how to prevent a future crisis.
Subject: Asset and liability management, Deposit rates, Excess liquidity, Financial institutions, Financial services, Insurance, Insurance companies, Repo rates, Treasury bills and bonds
Keywords: Caribbean, CL Financial Limited, CLICO Bahamas, CLICO Barbados, CLICO Trinidad, CR, Deposit rates, Excess liquidity, excess reserves, Insurance, Insurance companies, interest rate, ISCR, lending rate, rate, repo, Repo rates, T-bill rate
Pages:
39
Volume:
2011
DOI:
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Issue:
074
Series:
Country Report No. 2011/074
Stock No:
1TTOEA2011002
ISBN:
9781455228119
ISSN:
1934-7685
