The Group CEO of First Citizens Bank, Karen Darbasie has indicated that compliance systems in the securities market in T&T are functioning effectively.
This comes after reports that Subhas Ramkhelawan and his company, Bourse Securities, agreed to pay $1.3 million to the T&T Securities and Exchange Commission (TTSEC) for its contravening role in the First Citizens Initial Public Offering (IPO).
In an interview with Darbasie, the bank CEO told Guardian Media that she thinks the notice is ”an indication that the regulation of the markets is working”.
The Bankers Association of Trinidad and Tobago (BATT) is assuring the public that there will be a smooth introduction of the new polymer $100 note to replace the existing $100 note in circulation.
In an official statement, BATT says it welcomes the initiative, which has several national security imperatives behind it.
The complete statement by the Association, follows:
BATT IN SUPPORT OF NEW POLYMER $100 NOTE