Update on Basel II Implementation Project

[LOGO] CENTRAL BANK OF TRINIDAD & TOBAGO Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 625-4835; 4921; 5028; Fax: (868) 627-4696 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt

November 9, 2016

CIRCULAR LETTER TO ALL FINANCIAL INSTITUTIONS LICENSED UNDER THE FINANCIAL INSTITUTIONS ACT, 2008

REF: CB-OIFI-2431/2016

UPDATE ON BASEL II IMPLEMENTATION PROJECT

The Central Bank of Trinidad and Tobago (Central Bank) wishes to thank all institutions for participating in the recent Quantitative Impact Study (QIS) which was concluded on July 29th 2016.

All submissions have been reviewed, and the Central Bank now invites you to a meeting on Thursday November 17, 2016 at 9:30AM to discuss the key findings of the QIS. We will also communicate the next steps for the implementation of Basel II/III in Trinidad and Tobago at this meeting. We therefore request the attendance of Project Sponsors, members of the Technical Working Group and the staff associated with the completion of the reporting template.

We kindly ask that you confirm your attendees by November 16, 2016, by electronic mail to Baselconsultation@central-bank.org.tt, or in writing to the undersigned. If you have any queries, please contact Ms. Ayana George at 625-4835 extension 5022.

The Central Bank looks forward to your usual cooperation.

Yours sincerely,

[SIGNATURE]

Michelle Francis-Pantor Deputy Inspector – Banks, Non-Banks and Payment Systems Oversight FINANCIAL INSTITUTIONS SUPERVISION DEPARTMENT