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

Volume/Issue: Volume 2006 Issue 029

Publication date: February 2006

ISBN: 9781451837643

$20.00

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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 , 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

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Summary

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.