Regulatory Alerts2020-11-16 | 37981Added · 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) pursuant to the Financial Institutions (Capital Adequacy) Regulations, 2020. Licensed financial institutions and financial holding companies 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 adequacy ratio following an ICAAP review, and institutions with capital below their optimal level must devise an action plan to reach that level.
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