• Financial Services

    OBG’s banking, insurance and investment coverage looks at revenue and profit trends, market share changes, foreign entry and regulatory developments while our capital markets sector analyses provide information on the stock and bond markets, IPO activity and regulatory changes.
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The commercial banking sector in Trinidad and Tobago is just one of the many sources of stability in the country’s economy and society. There are eight long-established banks in T&T, backed by major international groups or the government, some of which have a substantial presence outside the country.

In 2008 the government established the Trinidad and Tobago International Financial Centre (TTIFC) as a specialist agency to promote the development of the country as an international financial centre. Previously, this work had been undertaken by InvesTT, which promotes inward foreign direct investment across the economy.

As indicated by the World Economic Forum’s “Global Competitiveness Report 2014-15”, Trinidad and Tobago has a number of attributes that are conducive to the development of financial services. Although the country was the 89th-most-competitive out of 144 assessed globally, T&T was ranked 38th for its macroeconomic environment, 52nd for infrastructure and financial...

With the assets of the world’s growing number of Islamic banks now standing at around $1.8 trillion, Qatar’s sharia-compliant lenders have rapidly become key players in a major global industry.

What changes will the implementation of the Foreign Account Tax Compliance Act (FATCA) have on Panama’s banking regulatory framework?

Is the June 2015 deadline going to leave sufficient time for Panama to adopt the Financial Action Task Force’s (FATF) legal framework?

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