Regulatory Alerts2016-12-31 | 24075Added · Updated
Central Bank Act Chap. 79:02
The Central Bank of Trinidad and Tobago is established as a body corporate with the mandate to promote monetary stability, regulate credit supply, and issue currency. The Act defines the composition, appointment, and tenure of the Board of Directors, including the Governor and Deputy Governors, while outlining their qualifications, disqualifications, and fiduciary duties. It grants the Bank specific powers to act as banker to the Government, manage foreign reserves, and exercise special emergency powers to take control of financial institutions. Additionally, the legislation establishes a Deposit Insurance Fund and Corporation to manage insurance cover and contributions from financial institutions.
Topics
governance
monetary
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