Regulatory Alerts2021-12-01 | 29780Added · Updated
Central Bank of Trinidad and Tobago Credit Risk Management Guideline
The Central Bank of Trinidad and Tobago has finalized the Credit Risk Management Guideline, requiring all licensed financial institutions and registered insurance entities to align their credit risk governance frameworks with Basel and IAIS best practices. Licensees must implement these principles in a manner proportionate to their size and complexity, while ensuring that compliance does not interfere with existing COVID-19 relief measures effective until September 30, 2022.