Trinidad and Tobago: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics, Banking Supervision, and Payment Systems

International Monetary Fund

No 2006/029, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Trinidad and Tobago’s (TTO) Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, and Payment Systems. TTO’s financial system is relatively large and structurally complex, demonstrating both sophistication and oligopolistic concentration. Although it does not appear to be vulnerable to immediate-term macroeconomic shocks, its risk profile has evolved. Stress tests and the assessment of compliance with Basel Core Principles indicate that the banking system is well capitalized and profitable, but is vulnerable to the potential macroeconomic impact of a sharp fall in energy prices.

Keywords: ISCR; CR; capital; CBTT; TTO Home Mortgage Bank; banking sector; foreign exchange; financial market; mutual fund; exchange rate; credit risk; secondary market; Commercial banks; Insurance companies; Insurance; Mutual funds; Caribbean (search for similar items in EconPapers)
Pages: 50
Date: 2006-02-01
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