Trinidad and Tobago finance minister Larry Howai tells Silvia Pavoni about his plans for the country's international finance centre, and explains why its improving legislative framework and educated workforce make the country stand out from its Caribbean peers.
The governor of Trinidad and Tobago's central bank, Jwala Rambarran, has overseen a hectic period in which the country has considerably tightened its supervision procedures, sought to clarify the role of its international finance centre and developed its capital markets. He tells Silvia Pavoni how improving financial inclusion is his next priority.
Trinidad and Tobago’s plans to develop an international finance centre hold great promise, but what hurdles does the country face to achieve its goal?
Awash with liquidity and riding on the back of the country's impressive economic growth, the picture looks healthy for Trinidad and Tobago's banks, with opportunities in SME financing and online banking set to maintain this momentum.
Trinidad and Tobago has much to do to improve its business climate in the non-energy sector, but the Caribbean country already has ambitious plans, which include developing its maritime economy.
With an average GDP per capita higher than any other country in Central and South America, Trinidad and Tobago has built its economic might on the back of its oil and gas resources. However, the Caribbean country is now looking to diversify its economy, and key to this is the establishment of an IFC.
Regulatory compliance has become a high-priority topic on the agenda of many senior managers. Marcus Sehr, global head of cash management financial institutions, product, and Ulrich Goeres, global head of anti-money laundering and anti-financial crime, at Deutsche Bank discuss the current challenges facing banks and correspondent banking services in particular.
Wolfgang Wagner, the global head of cash management financial institutions, sales, at Deutsche Bank talks about the latest developments in transaction banking, evolving correspondent banking models and the growing importance of client-centric relationships.
Low volatility and low yields are making life tricky for structured product providers. But by broadening their range of products and by doing more to tap upcoming markets, such as Asia, they have been able to ensure they get plenty of business.
Since interest rates dropped to record lows in both the US and UK, investors have been anticipating their rebound and picking their investments accordingly.
Global Risk Regulator
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