Regulatory Alerts2023-11-10 | 29755Added · Updated
Financial Institutions (Capital Adequacy) Regulations 2020 – Notice of Regulations 18, 19 and 20
The Central Bank of Trinidad and Tobago announces that Regulations 18, 19, and 20 of the Financial Institutions (Capital Adequacy) Regulations 2020 commence on January 1, 2024. Licensed Financial Institutions and Permitted Financial Holding Companies must maintain a 2.5% Capital Conservation Buffer and a 3% Leverage Ratio, while Domestic Systemically Important Banks face an additional capital charge of 1% to 2.5% based on a calculated score. Failure to meet the Capital Conservation Buffer results in constraints on the discretionary distribution of earnings, and specific reporting templates are required for compliance.
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