Press Releases
06-Nov-2015
CBTT's CLICO Resolution Plan
Update on the Resolution Plan for Colonial Life Insurance Company (Trinidad) Limited (CLICO)
Read More06-Nov-2015
Update on CBTT's CLICO Resolution Plan
On February 13 2009, Central Bank of Trinidad and Tobago assumed control of CLICO in accordance with its special emergency powers under Section 44D of the Central Bank Act Ch. 79:02.
Read More07-Oct-2015
Second Caribbean Region Dialogue, Lima, Peru
The International Monetary Fund and the Central Bank of Trinidad and Tobago have signed a Memorandum of Understanding providing opportunities for officials from the Caribbean region to train at IMF Headquarters.
Read More15-Jul-2015
Appointment of New Deputy Governor
Dr. Sandra Sookram has been appointed Deputy Governor of the Central Bank of Trinidad and Tobago for a five-year term effective July 13th, 2015.
Read More05-Jun-2015
CBTT appoints Executive Chairman for Clico
Pursuant to its powers under Section 44(D) of the Central Bank Act, Central Bank terminated the appointments of Mr. Gerard Yetming as Chairman of CLICO and Ms.Carolyn John as Managing Director
of CLICO on Friday 5th June, 2015.
03-Jun-2015
Statement on Payments to Former CLICO Directors and Officers
Under the terms of Government’s bailout of CLICO in 2009 and 2011, related parties which included directors and officers of CLICO were not to be paid with public funds, on the principle that these parties may have contributed to the financial collapse of the institution.
Read More02-Apr-2015
Central Bank Sells US$60 Million to Banking Systems
Demand for foreign exchange from the business community and public totalled some US$625
million in March 2015, while supply of foreign exchange, mainly from energy sector companies,
amounted to US$595 million.
27-Mar-2015
Update on the Resolution of CLICO and BAT
By way of Legal Notices Nos. 32 and 33 of 2009, the Central Bank on February 13, 2009 assumed control of CLICO and BAT,respectively, pursuant to its special emergency powers under Section 44D of the Central Bank Act Ch. 79:02 (the Act).
Read More27-Mar-2015
Update on the Resolution of Colonial Life Insurance Company (Trinidad) Limited (CLICO) and British American Insurance Company (Trinidad) Limited (BAT)
By way of Legal Notices Nos. 32 and 33 of 2009, the Central Bank on February 13, 2009 assumed control of CLICO and BAT, respectively, pursuant to its special emergency powers under Section 44D of the Central Bank Act Ch. 79:02 (the Act).
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