Trinidad and Tobago:Press Release; Financial System Stability Assessment; and Statement by the Executive Director for Trinidad and Tobago

Press Release; Financial System Stability Assessment; and Statement by the Executive Director for Trinidad and Tobago

Volume/Issue: Volume 2020 Issue 291

Publication date: October 2020

ISBN: 9781513559957

$18.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Business and Financial , ISCR , CR , bank , FSAP work , FSAP mission , FSSA report , CBTT plan , supervisory effectiveness , regulatory power , Commercial banks , Insurance companies , Mutual funds , COVID-19 , Global , Caribbean

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Summary

The FSAP work was mostly conducted prior to the COVID-19 crisis. Given the FSAP’s focus on medium-term challenges and tail risks, its findings and recommendations for strengthening policy and institutional frameworks remain pertinent. As the growth projections were significantly revised downward since the FSAP, the quantitative risk analysis on bank solvency was complemented to include illustrative scenarios to quantify the possible implications of the COVID-19 shock on bank solvency.