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Reserve requirements are central bank regulations that set the minimum amount that a commercial bank must hold in liquid assets. This minimum amount, commonly referred to as the commercial bank's reserve, is generally determined by the central bank on the basis of a specified proportion of deposit liabilities of the bank.
It was formed out of a merger between the Bank and General Workers Union and the Bank Employees' Union. The two prior Unions were both formed in 1974. As its name suggests, most of its members are employed in the finance sector but in particular at the First Citizens Bank, the Republic Bank, the Central Bank of Trinidad and Tobago and credit ...
Since a change in the banking sector, where commercial banks stopped loaning money to agriculture in the early 2000s, the bank has been the primary source of finance for the agricultural sector of Trinidad and Tobago. A 2007 analysis of the work of the bank found that, though effective in its focus on a specific sector, its effectiveness relied ...
The association was registered on 2 May 1974 under the Trinidad and Tobago Trade Union Ordinance as Staff Association of Barclays Bank of Trinidad and Tobago Limited and won recognition on 21 April 1975. The name of the Union was changed when the bank's name changed to Republic Bank Limited in 1981.
The Central Bank of Trinidad and Tobago is the central bank of Trinidad and Tobago. The Central Bank of Trinidad and Tobago is located in the Eric Williams Financial Complex. The complex consists of the central bank auditorium and two sky-scrapers, locally known as the Twin Towers. The first tower houses the Central Bank of Trinidad and Tobago ...
The Securities Industry Act 1995 (SIA, 1995) [2] is the act by which the Trinidad and Tobago Securities and Exchange Commission was established. In December 2012, the SIA 1995 was repealed and replaced by the Securities Act (SA 2012) [3] “an Act to provide protection to investors from unfair, improper or fraudulent practices; foster fair and efficient securities markets and confidence in the ...
The forerunner of Republic Bank, Colonial Bank, was established on 15 May 1837 by Royal Charter. [1] John Irving MP was the first chairman. [2] Colonial Bank was reported to have a "virtual monopoly" on banking in nineteenth century Trinidad. [3] In 1909 the Colonial Bank established a branch on High Street, San Fernando. [3]