Rapidly evolving innovation and creativity in terms of services and products being offered by financial institutions. 2  BIS Review 30/2009  2. The recognition that risk taking should not be totally outlawed since under certain conditions it could benefit consumers. 3. The fact that laws cannot legislate good behaviour or by extension, good governance. 4.
An ideological shift towards free markets and minimal regulation. How does this relate to CL Financial and CLICO. CLICO, in many ways, was a pioneer and a path-breaker on the local financial scene. For years it led in the provision of insurance services in Trinidad and Tobago and indeed in the region.