Regulatory Alerts2020-11-16 | 36799Added · Updated
Guidelines for the Internal Capital Adequacy Assessment Process (ICAAP)
The Central Bank of Trinidad and Tobago issues the Guideline for the Internal Capital Adequacy Assessment Process (ICAAP) to Licensed Financial Institutions and Financial Holding Companies. Institutions must submit their first ICAAP by January 31, 2022, utilizing data from their last audited financial statements. The Inspector may impose a target capital ratio higher than the minimum requirement following an ICAAP review, and institutions must address any gap between their actual and optimal capital adequacy levels in their capital management plans.
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