Regulatory Alerts2019-07-09 | 29618Added · Updated
Treatment of Estimated Credit Losses for Determining Capital Adequacy Requirements
The Central Bank of Trinidad and Tobago amended its Guideline for the Treatment of Estimated Credit Losses (ECLs) for Regulatory Capital Reporting Purposes. The update clarifies that financial institutions licensed under the Financial Institutions Act 2008 must define specific triggers for transitioning Stage 1 provisions to Stage 2 based on significant increases in credit risk. This guideline applies to all relevant regulatory submissions starting from March 2020.
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