Trinidad Central Bank on CLICO: Much worse than we thought
http://www.caribbeanpressreleases.com/articles/4617/1/Trinidad-Central-Bank-on-CLICO-Much-worse-than-we-thought/Page1.html
S Coward
By S Coward
Published on 14-Feb-09
Port-of-Spain -- Feb. 14, 2009 -- Admitting that the financial position at Clico was “much worse” that
the authorities had envisaged, Central Bank Governor Ewart Williams
said yesterday that the “notional deficit” on the insurance company’s
statutory fund had risen to $10 billion by the end of 2008.
Port-of-Spain -- Feb. 14, 2009 -- Admitting that the financial position at Clico was “much worse” that
the authorities had envisaged, Central Bank Governor Ewart Williams
said yesterday that the “notional deficit” on the insurance company’s
statutory fund had risen to $10 billion by the end of 2008.