Correspondent Banking Relationships Survey

November 05, 2021
CIRCULAR LETTER TO:
All Commercial Banks Licensed under the Financial Institutions Act, 2008 REF: CB-OIFI-2662/2021 CORRESPONDENT BANKING RELATIONSHIPS SURVEY The Central Bank of Trinidad and Tobago (Central Bank) continues to pay close attention to correspondent banking relationships (CBRs), since a decline in CBRs could have adverse consequences on international trade, growth, financial inclusion, and the stability and integrity of the financial system. The Bank has issued several surveys in the past to obtain information on CBRs. Such data is useful to allow the Central Bank to monitor and analyze trends in the volume and number of CBR transactions, including the network structure of CBR payments in Trinidad and Tobago. Consequently, the Central Bank is seeking to gather updated information on banks’ CBRs for the period 2019 to June 2021. In this regard, we would appreciate submission of the attached questionnaire by November 30, 2021 to Mr. Kendall Cuffy, Manager Banks and Non-Banks Supervision at kcuffy@central-bank.org.tt. You may also direct any queries to Mr. Cuffy via email or at 621- 2288 ext 5198 or 727-7324. We look forward to your usual cooperation. Yours sincerely, Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS Cen t r al Ban k o f Tri n i d ad an d To bag o Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-CBTT (2288), 235-CBTT (2288); Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt