Trinidad and Tobago: Press Release; Financial System Stability Assessment; and Statement by the Executive Director for Trinidad and Tobago

October 30, 2020

Preview Citation

Format: Chicago

Trinidad and Tobago: Press Release; Financial System Stability Assessment; and Statement by the Executive Director for Trinidad and Tobago, (USA: International Monetary Fund, 2020) accessed November 23, 2024

Summary

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.

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 Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/291
Stock No:

1TTOEA2020001
ISBN:

9781513559957
ISSN:

1934-7685

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