LATEST NEWS

02-Oct-2023

Central Bank Authorizes MyCash to Issue Electronic Money in Trinidad and Tobago

On October 2, 2023, the Central Bank of Trinidad and Tobago issued a provisional registration to MyCash (Trinidad and Tobago) Limited (MyCash) making it the fourth company authorized to issue electronic money domestically. 

29-Sep-2023

Central Bank cites advances in cybersecurity supervision in Strategic Plan update

On September 29, 2023 the Central Bank posted the latest Semi-annual Update on execution of its 2021/22–2025/26 Strategic Plan. 

Highlights of achievements over the past 6 months included:  

- issue of a Guideline to financial institutions on cybersecurity policies; 

- registration of electronic money providers;

- initiation of a national dialogue on crypto asset regulation; 

- expansion of the services of the Office of the Financial Services Ombudsman; 

- deepening of the Bank’s contributions in the area of Corporate Social Responsibility; and 

- progress on implementation of Basel III capital requirements. 

29-Sep-2023

Monetary Policy Announcement - September 2023

Despite some signs of resilience earlier in the year, continued though slowing inflationary pressures, still relatively high interest rates and the impact of geopolitical tensions pose immediate constraints to global economic activity.

26-Sep-2023

Alternative Financing for MSMEs in Trinidad and Tobago: Expanding Financial Intermediation to Support Economic Diversification

This research paper by Kateri Duke proposes several recommendations to narrow the MSME finance gap through two complementary approaches: reducing the infrastructural barriers to finance and fostering an enabling environment to expand the range of alternative financing options available.

26-Sep-2023

The Role of the Government of Trinidad and Tobago in Facilitating Financial Development and Financial Inclusion

This research paper by Alon Dhanessar concludes that in order to promote financial inclusion and development, and reduce domestic funding gaps, government policies and programmes should be designed to reduce hurdles to access and usage, while encouraging financial system innovation

18-Sep-2023

Treasury Bill Nos. 1713 and 1714

Invest in Treasury Bills Today! Treasury Bills are government-guaranteed investment instruments that are available to individuals and institutions. You are invited to submit bids to the Central Bank of Trinidad and Tobago by 12:00 noon on the auction date for the upcoming issue.

15-Sep-2023

Office of the Financial Services Ombudsman Opens its Tobago Office

On September 15, 2023 the Office of the Financial Services Ombudsman(OFSO) opened its Tobago office to reestablish a presence for the convenience of the Tobago public. This milestone achievement was commemorated with a symbolic ribbon cutting ceremony on location at the Victor E. Bruce Financial Complex, Post Street, Scarborough Tobago.

14-Sep-2023

Central Bank Issues Cybersecurity Best Practices Guideline

The Central Bank of Trinidad and Tobago has issued the Cybersecurity Best Practices Guideline following comments from the public on the draft Guideline. The Guideline is applicable to institutions regulated by the Central Bank.  Other companies are encouraged to adopt the Guideline as a means of managing their cybersecurity risks but are not required to report to the Central Bank.

The Guideline incorporates 20 requirements arranged under 6 categories (i) governance (ii) risk management (iii) awareness and training (iv) business continuity and disaster recovery (v) testing and (vi) incident management and reporting.

The Guideline is available for download here along with the Cyber Incident Reporting Form and a Self-Assessment Checklist.

Click here to view our webinar on Cyber Security in Financial Institutions: Best Practice held in June 2023.

08-Sep-2023

Public Notice

Digital Transformation of the Bank’s Supply Chain Management for enhanced Vendor Relationships, automation of the vendor and procurement management application and updated purchase order format and process.

07-Sep-2023

IMF Technical Assistance on Fintech Regulation and Legislation

At the request of the Central Bank of Trinidad and Tobago (CBTT), and Trinidad and Tobago Securities and Exchange Commission (TTSEC) to the International Monetary Fünf (IMF), a Monetary and Capital Markets (MCM) Department mission, supported by the Legal Department (LEG) conducted desk-based capacity development and visited Port of Spain in-person during April 26–28, 2023.