IMF Staff Country Reports

Trinidad and Tobago: Selected Issues

Publication Date:

March 30, 2011

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

In this study, the economic developments and policy responses of Trinidad and Tobago after the crisis is reviewed. Policy recommendations are used to strengthen the legal and regulatory framework. According to the IMF’s financial system stability assessment (FSSA), there were critical gaps in the overall legal, regulatory, and supervisory structure for the insurance sector. The quality of insurance sector supervision can be assessed against internationally accepted established “core principles.” In this paper, an overview is presented of why the crisis occurred and some suggestions on how to prevent a future crisis.

Series:

Country Report No. 2011/074

Subject:

Asset and liability management Deposit rates Excess liquidity Financial institutions Financial services Insurance Insurance companies Repo rates Treasury bills and bonds