Regulatory Alerts2017-08-24 | 29477Added · Updated
Guideline for the Measurement, Monitoring and Control of Impaired Assets
The Central Bank of Trinidad and Tobago issued Guideline CB-G-156/2007, effective September 1, 2007, requiring all banks, non-financial institutions, insurance companies, and pension funds licensed under the Financial Institutions Act 1993 or registered under the Insurance Act to manage impaired assets in accordance with its provisions. The document incorporates existing legislative requirements and international best practices, mandating that these entities measure, monitor, and control impaired assets as specified. Licensees and registrants are expected to adhere to the guideline's contents for asset management.
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