Outside observers assert that the operation of large committees and reliance on consensus may slow decision-making while financial innovation keeps accelerating; disparate current national practices hinder integration and competition, as well as increase the regulatory burden; the complexity of regulations and arrangements risks favoring national interests and limiting the exchange of information among supervisors.
Jwala Rambarran: Trinidad and Tobago strengthens information exchange Address by Mr Jwala Rambarran, Governor of the Central Bank of Trinidad and Tobago, at the signing of a Memorandum of Understanding between the Trinidad and Tobago Securities & Exchange Commission and the Central Bank of Trinidad and Tobago, Port of Spain, 6 January 2014.