Regulatory Alerts2020-01-01
The Financial Institutions (Capital Adequacy) Regulations 2020
The Minister of Finance of Trinidad and Tobago issued Legal Notice No. 95 of 2020 to establish comprehensive capital adequacy requirements for financial institutions under the Financial Institutions Act. These regulations define regulatory capital components, including Tier 1 and Tier 2 capital, and mandate specific minimum capital adequacy ratios to mitigate credit, operational, and market risks. The framework further imposes capital conservation buffers, leverage ratios, and consolidated reporting obligations to ensure the stability and resilience of the national financial sector.
FINANCIAL INSTITUTIONS (CAPITAL ADEQUACY) REGULATIONS, 2020 ARRANGEMENT OF REGULATIONS Regulation
- Citation
- Commencement
- Interpretation
- Application
- Pillar I–minimum capital requirements
- Pillar II
- Pillar III
- Capital Adequacy Ratios
- Regulatory Capital
- Tier 1 Capital
- Tier 2 Capital
- Deductions
- Limits and Restrictions on Regulatory Capital
- Credit Risk
- Operational Risk
- Market Risk
- Consolidated Reporting
- Capital Conversion Buffer
- Leverage Ratio
- Additional capital charge
- Review by Inspector
- Transition period SCHEDULE SCHEDULE 1–Minimum Capital Adequacy Ratios SCHEDULE 2–Provisions for the Calculation of Capital Charges for Credit Risk Part I–Provisions for risk weighting of credit exposures Part II–Provisions for Credit Risk Mitigation Part III–Provisions on Operational Requirements for the Purpose of Guarantees Counter Guarantees and Credit Derivatives
Part IV–Provisions on Over the Counter Derivatives Part V–Provisions related to Failed Trades and Non-Delivery Versus Payment Part VI–Provisions for Securitization Frameworks Part VII–Provisions relating to Operational Requirements for The Purpose of Securitization Exposures SCHEDULE 3 Part I–Provisions related to the Calculation of Capital Charges for Operational Risk Part II–Provisions related to the mapping of Business lines SCHEDULE 4–Provisions for the Calculation of Capital Charges for Market Risk SCHEDULE 5–Capital Constraints under the Capital Conservation Buffer ii
LEGAL NOTICE NO. 95 REPUBLIC OF TRINIDAD AND TOBAGO THE FINANCIAL INSTITUTIONS ACT, CHAP. 79:09 REGULATIONS MADE BY THE MINISTER UNDER SECTION 9(1) OF THE FINANCIAL INSTITUTIONS ACT AND SUBJECT TO NEGATIVE RESOLUTION OF PARLIAMENT THE FINANCIAL INSTITUTIONS (CAPITAL ADEQUACY) REGULATIONS, 2020 Legal Supplement Part B–Vol. 59, No. 70–14th May, 2020 583 Citation Commencement Interpretation Chap. 79:09
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Dated this 13th day of May, 2020. C. IMBERT Minister of Finance PRINTED BY THE GOVERNMENT PRINTER, CARONI REPUBLIC OF TRINIDAD AND TOBAGO–2020 Financial Institutions (Capital Adequacy) Regulations, 2020 671