Regulatory Alerts2021-03-01 | 23984Added · Updated
Corporate Governance Guideline (Revised)
The Central Bank of Trinidad and Tobago updates its corporate governance expectations for all licensed financial institutions, including banks, insurers, and payment service providers. The revised guideline mandates that Boards of Directors establish risk appetite frameworks, approve key policies for capital, liquidity, and AML/CFT, and oversee the integrity of control functions. It further requires specific board compositions, including independent directors, and defines roles for senior management and committees to ensure robust risk governance and compliance.
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