Governance frameworks need to fill in for legislative gaps, says Trinidad’s Hilaire
The current governance frameworks of financial institutions operating in Trinidad and Tobago need to “evolve” further, said the governor of the nation’s central bank.
Speaking at the launch of the Caribbean nation’s central bank’s latest Financial Stability Review, Alvin Hilaire said there is a need to address remaining “legislative gaps” – including updating the Insurance Act – while making sure new governance legislation is enforced.
“Ultimately, financial entities must police themselves and
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