Regulatory Alerts2021-08-16 | 29699Added · Updated
Draft Framework for Identifying Domestic Systemically Important Banks and Higher Loss Absorbency Requirements
The Central Bank of Trinidad & Tobago invites licensed financial institutions to submit feedback on its draft framework for identifying domestic systemically important banks (D-SIBs) by October 15, 2021. The framework applies a size, interconnectedness, and substitutability methodology to determine higher loss absorbency capital add-ons for designated institutions. Once the Minister of Finance publishes a Gazette notice no earlier than January 2022, the capital add-on will take effect, granting affected banks a 12-month transition period to comply.
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