This could then lead to a disincentive to portfolio capital directed toward Trinidad and Tobago; a similar 5  consideration is currently preoccupying authorities in many emerging and developing market countries. The Central Bank of Trinidad and Tobago has navigated this dilemma over the past year or so by keeping a neutral policy stance and the repo rate stable. 10.
Deposit Guarantee System A common Deposit Guarantee Scheme can be seen as a completion of the Banking Union. The planning of such a scheme is still in a very early phase and would require harmonisation of the national schemes as a first step. The European Commission is mandated to revisit the issue in 2019.