Tenders are invited for Consultancy to Prepare a CARICOM Model Law and Regulations on Deposit Insurance and Formulate Proposals for a Special Resolution Regime for CARICOM Member States

Consultancy to Prepare a CARICOM Model Law and Regulations on Deposit Insurance and the Formulate Proposals for a Special Resolution Regime for CARICOM Member States The Project seeks to develop a harmonised legal framework comprising a model deposit insurance Bill and subsidiary regulations as well as proposals for a model resolution regime for financial institutions in CARICOM Member States. The two (2) complementary thematic areas seek to strengthen the financial safety-net architecture and preserve financial stability by providing: (i) an appropriate legal and regulatory framework which guarantees eligible depositors in the Community with a minimum level of protection against losses due to the failure of a covered financial institution; and (ii) recommendations for a robust resolution framework to allow for the orderly intervention in, and restructuring of non-viable financial institutions.