Regulatory Alerts2025-07-09 | 36315Added · Updated
Recovery Plan Guideline – October 2023
The Central Bank of Trinidad and Tobago issues this guideline to establish mandatory recovery planning requirements for financial institutions, including commercial banks, insurers, and financial holding companies. The document mandates that boards approve and senior management implement plans containing specific elements such as trigger events, stress scenarios, and concrete recovery options. Institutions must align these plans with their risk management frameworks, including ICAAP or ORSA, and conduct annual reviews or updates following material events. The guideline applies proportionally based on the size and complexity of the entity, with potential extension to other financial entities posing stability risks.
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