Regulatory Alerts2022-06-02 | 33531Added · Updated
Supervisory Ladder of Intervention Policy
The Central Bank of Trinidad and Tobago issued Circular Letter CB-OIFI-1258/2022 to formalize its Supervisory Ladder of Intervention Policy for licensees, financial holding companies, registrants, bureaux de change, payment system providers, and e-money issuers. The policy documents the specific supervisory measures and discretionary actions the Bank will utilize to preserve financial soundness or resolve institutions where viability cannot be restored. This framework applies to concerns regarding financial performance, risks, governance, risk management, compliance, and internal controls.
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