Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions

The Credit Union (CU) sector is concentrated and has a significant number (129) of institutions. CU sector’s loan portfolio is concentrated mainly in consumer loans. The prudential and market conduct situation of the CU sector present weaknesses. The legal framework for CUs is outdated (from 1971) a...

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Main Author:	Rutman, Jose
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	CREDIT UNIONS REGULATORY FRAMEWORK FINANCIAL SAFETY NET FINANCIAL SUPERVISION FINANCIAL COOPERATIVES
Online Access:	http://documents.worldbank.org/curated/en/351611627017774534/Trinidad-and-Tobago-Credit-Unions-Technical-Note http://hdl.handle.net/10986/36017

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recordtype	oai_dc
spelling	okr-10986-360172021-07-27T05:10:43Z Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions Rutman, Jose CREDIT UNIONS REGULATORY FRAMEWORK FINANCIAL SAFETY NET FINANCIAL SUPERVISION FINANCIAL COOPERATIVES The Credit Union (CU) sector is concentrated and has a significant number (129) of institutions. CU sector’s loan portfolio is concentrated mainly in consumer loans. The prudential and market conduct situation of the CU sector present weaknesses. The legal framework for CUs is outdated (from 1971) and has significant limitations for an appropriate prudential regulation and supervision of the sector. A new legal framework for the regulation and supervision of CUs should be developed urgently. 2021-07-26T13:39:58Z 2021-07-26T13:39:58Z 2020-05-01 Report http://documents.worldbank.org/curated/en/351611627017774534/Trinidad-and-Tobago-Credit-Unions-Technical-Note http://hdl.handle.net/10986/36017 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work Latin America & Caribbean Trinidad and Tobago
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CREDIT UNIONS REGULATORY FRAMEWORK FINANCIAL SAFETY NET FINANCIAL SUPERVISION FINANCIAL COOPERATIVES
spellingShingle	CREDIT UNIONS REGULATORY FRAMEWORK FINANCIAL SAFETY NET FINANCIAL SUPERVISION FINANCIAL COOPERATIVES Rutman, Jose Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions
geographic_facet	Latin America & Caribbean Trinidad and Tobago
description	The Credit Union (CU) sector is concentrated and has a significant number (129) of institutions. CU sector’s loan portfolio is concentrated mainly in consumer loans. The prudential and market conduct situation of the CU sector present weaknesses. The legal framework for CUs is outdated (from 1971) and has significant limitations for an appropriate prudential regulation and supervision of the sector. A new legal framework for the regulation and supervision of CUs should be developed urgently.
format	Report
author	Rutman, Jose
author_facet	Rutman, Jose
author_sort	Rutman, Jose
title	Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions
title_short	Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions
title_full	Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions
title_fullStr	Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions
title_full_unstemmed	Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions
title_sort	financial sector assessment program update : trinidad and tobago credit unions
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/351611627017774534/Trinidad-and-Tobago-Credit-Unions-Technical-Note http://hdl.handle.net/10986/36017
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Financial Sector Assessment Program Update : Trinidad and Tobago Credit Unions

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