BUDGET STATEMENT 2014
19
SUSTAINING GROWTH, SECURING PROSPERITY
global financial crises. In the next fiscal year,
we will establish a Task Force to undertake
research and consultation to determine
whether a Single Financial Regulatory
Authority is the most feasible model for
integrating
and
strengthening
financial
regulation and supervision in Trinidad and
Tobago.
This Task Force will comprise representation
from the Central Bank of Trinidad and Tobago,
the Securities and Exchange Commission, the
Ministry of Finance and the Economy and other
stakeholders in the financial sector.
to include the self-employed in the National
Insurance System.
FINANCIAL REGULATORY
AUTHORITY
Mr. Speaker, the 2009 failure of the Financial
Institutions intheCLFinancialGroup,theregion’s
largest conglomerate, has raised questions
on whether or not the existing structure and
operations of the financial regulatory regime in
Trinidad and Tobago are adequate to withstand
