Trinidad and Tobago: Press Release; Financial System Stability Assessment; and Statement by the Executive Director for Trinidad and Tobago
IMF Staff Country Reports, October 30, 2020
Source details
- Canonical URL
- Trinidad and Tobago: Press Release; Financial System Stability Assessment; and Statement by the Executive Director for Trinidad and Tobago
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Bibliographic details
- Published: October 30, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513559957.002
Overview
- The FSAP work was mostly conducted prior to the COVID-19 crisis.
- Given the FSAP’s focus on medium-term challenges and tail risks, its findings and recommendations for strengthening policy and institutional frameworks remain pertinent.
- As the growth projections were significantly revised downward since the FSAP, the quantitative risk analysis on bank solvency was complemented to include illustrative scenarios to quantify the possible implications of the COVID-19 shock on bank solvency.
Key findings and emphases
- FSAP findings remain relevant despite being conducted mostly before the COVID-19 crisis because of the FSAP’s focus on medium-term challenges and tail risks.
- The need to strengthen policy and institutional frameworks is emphasized.
Quantitative risk analysis and scenarios
- The original quantitative risk analysis on bank solvency was supplemented to include illustrative scenarios that quantify the possible implications of the COVID-19 shock on bank solvency.
- Illustrative scenarios were introduced because growth projections were significantly revised downward since the FSAP.
Subjects and keywords (as presented)
- Subject: Banking, Commercial banks, COVID-19, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Health, Insurance companies, Mutual funds
- Keywords: bank, Caribbean, CBTT plan, Commercial banks, COVID-19, CR, FSAP mission, FSAP work, FSSA report, Global, Insurance companies, ISCR, Mutual funds, regulatory power, supervisory effectiveness
Publication and document identifiers
- Pages: 75
- Volume: 2020
- DOI: https://doi.org/10.5089/9781513559957.002
- Issue: 291
- Series: Country Report No. 2020/291
- Stock No: 1TTOEA2020001
- ISBN: 9781513559957
- ISSN: 1934-7685
International Monetary Fund. Trinidad and Tobago: Press Release; Financial System Stability Assessment; and Statement by the Executive Director for Trinidad and Tobago, IMF Staff Country Reports 2020, 291 (2020).
Content in this bundle
- 1ttoea2020001 — Executive Summary