Regulatory Alerts2022-06-06 | 29713Added · Updated
Supervisory Ladder of Intervention Policy
The Central Bank of Trinidad and Tobago replaces its 2001 Exit Policy with this Supervisory Ladder of Intervention Policy to establish a framework for supervisory intervention in prudential, governance, and AML risks. The policy applies to licensees, financial holding companies, insurers, intermediaries, pension plans, payment service providers, e-money issuers, and specific state-owned banks. It mandates a risk-based approach where the Bank escalates enforcement measures from remedial recommendations to coercive actions, such as administrative fines, license suspension, or director removal, based on the severity of deficiencies and the institution's compliance history.
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