The Trinidad & Tobago government yesterday said it has published two orders that allow for the increase in deposit insurance coverage to be simultaneously matched by a prudent adjustment to the deposit insurance premium.
Finance Minister Colm Imbert said he signed both the Central Bank Deposit Insurance Order, 2024, and the Central Bank Deposit Insurance Coverage Limited Order, 2024, which were both published on August 29.
He said both orders will take legal effect on October 1 and are based on careful consideration of funding reviews and assessments, international best practices, and consultations with the Central Bank of Trinidad and Tobago and financial sector stakeholders.
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