Regulatory Alerts2020-05-07 | 29645Added · Updated
Treatment of Payment Deferrals or “Skipped Payments” Due to COVID-19 Measures
The Central Bank of Trinidad and Tobago extends the relaxed regulatory treatment for restructured loans due to payment deferrals or "skipped payments" and past due facilities until December 31, 2020, for all institutions licensed under the Financial Institutions Act, 2008. These licensees must continue submitting the Special Report (DPC-19) within 30 business days of the relevant reporting month up to December 31, 2020. Additionally, licensees are now required to conduct quarterly stress tests and scenario analyses on liquidity and solvency, submitting results to the Central Bank starting December 31, 2020, using September 30, 2020 data. If these tests indicate adverse impacts on liquidity or capital, a board-approved action/recovery plan must accompany the submission.