Central Bank of Trinidad and Tobago -FINANCIAL STABILITY

To ensure the stability of the financial system, the Central Bank conducts regular inspections (or examinations) of the operations of licensed financial institutions through its Financial Institutions Supervision Department. The first Supervision Department was established in 1968 and since that time, the Department has evolved from compliance based and transaction-testing examinations to risk based examinations.

Supervision and Regulation
FISD is responsible for the supervision of licensed financial institutions and registered insurance companies and pension plans in accordance with the Financial Institutions Act, 1993 (FIA) and the Insurance Act, 1980 respectively. The responsibility for the supervision of registered insurance companies and pension plans was transferred to the Central Bank with effect from May 25, 2004 by way of the Insurance (Amendment) Act, 2004. learn more »

Payment Systems
One of the pillars of financial stability is a safe and efficient payments system. The Central Bank has recently increased its focus on this aspect of stability and towards this end has formed a Payments System Oversight Department. learn more »