Trinidad and Tobago; Selected Issues

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 IMFâ€™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 â€œcore principles.â€ In this paper, an overview is presented of why the crisis occurred and some suggestions on how to prevent a future crisis.

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Year of publication:	2011-03-30
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Banking sector \| Credit \| Financial risk \| Insurance supervision \| Nonbank financial sector \| Risk management \| Selected issues \| life insurance \| insurance companies \| policyholders \| insurance company \| life insurers \| insurance products \| legal framework \| insurance contracts \| insurance supervisors \| pension \| supervisory authority \| insolvent insurers \| supervisory regime \| market risk \| pension schemes \| life insurance companies \| internal controls \| supervisory framework \| private pension \| public pension schemes \| investment standards \| investment products \| mitigation measures \| insurance fraud \| consumer protection \| insurance coverage \| pension products \| pensioners \| counterparty risk management \| public pension \| reinsurance \| insurance entities \| general insurance \| market risk management \| risk insurance \| financial supervision

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/74 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244894