Update on the Implementation of the Liquidity Regulations to Give Effect to the Liquidity Coverage Ratio

r CENTRAL BANK OF TRINIDAD &TOBAGO Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-CBTT (2288), 235-CBTT (2288); Fax:(868) 612-6396 Email Address: info@central-bank. org. tt Website: www. central-bank. org. tt January 21, 2025 CIRCULAR LETTER TO: All licensees and financial holding companies under the Financial Institutions Act, 2008 The Bankers Association of Trinidad and Tobago and The Trinidad and Tobago Securities and Exchange Commission REF: CB-OIFI-239/2025 UPDATE ON THE IMPLEMENTATION OF THE LIQUIDITY REGULATIONS TO GIVE EFFECT TO THE LIQUIDITY COVERAGE RATIO Reference is made to correspondence dated October 21, 2024 by which the Central Bank of Trinidad and Tobago ("Central Bank") provided responses to the industry's feedback on the Draft Financial Institutions (Liquidity) Regulations ("Regulations") and the Draft Liquidity Coverage Ratio ("LCR") Guideline which were issued in August 2024. That correspondence indicated that the Central Bank sought to implement the LCR m January 2025, subject to the timely promulgation of the Liquidity Regulations. In fhis regard, the Central Bank advises that the Regulations have not yet been promulgated. Further, please note that the draft LCR Reporting Template which was issued m March 2024, is being finalised to reflect feedback received during the consultation process and to include data vaUdations. The revised template will be issued prior to the LCR coming into effect. Any queries regarding the iniplementation of the LCR should be sent to Baselconsultation central-bank. or . tt. In addition, Ms. Denise Layne (dlayne(%central￾bank. or .tt and Ms. Karyn Stewart kastewart central-bank. or . tt) of our Basel II/III Implementation team can be contacted for assistance. Please be guided accordingly. Yours sincerely ^J^< 0<<»-r- )<5( Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS