CARIBBEAN COMMUNITY (CARICOM) has floated a tender for Consultancy to Formulate a Caricom Policy on the Resolution of Financial Institutions Operating in Caricom Member States. The project location is Guyana and the tender is closing on 07 Jun 2024. The tender notice number is 11TH EDF/SFCICP/EDPTA&R/5.2.1.1.4, while the TOT Ref Number is 101472660. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.

Expired Tender

Procurement Summary

Country : Guyana

Summary : Consultancy to Formulate a Caricom Policy on the Resolution of Financial Institutions Operating in Caricom Member States

Deadline : 07 Jun 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 101472660

Document Ref. No. : 11TH EDF/SFCICP/EDPTA&R/5.2.1.1.4

Competition : ICB

Financier : Caribbean Development Bank (CDB)

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

Expression of Interest are invited for Consultancy to Formulate a Caricom Policy on the Resolution of Financial Institutions Operating in Caricom Member States

The Project seeks to develop a Draft Policy on the Resolution of Financial Institutions operating in CARICOM Member States. The Consultant will review international standards and the experience of advanced and relevant developing countries to determine best practices for resolving financial institutions in CARICOM Member States. This review should inform the preparation of a situational analysis for CARICOM Member States including a review of the financial system, the deposit insurance and resolution regimes, and the experience with handling financial crises in the Community along with new approaches for dealing with systemic risk. The study will also identify systematically important financial institutions and gaps in the resolution framework as well as issues to be addressed by Member States.

Based on the findings of the Situational Analysis, the Consultant will develop technical recommendations for a harmonised resolution framework and a Draft CARICOM Policy which should address, inter alia, the powers and tools of the resolution authority, the role and responsibilities of the various safety-net partners, the triggering of early intervention, and the resolution toolkit and related strategies. Specifically, the Policy should also address the resolution of financial institutions with cross-border operations and identify strategies for mitigating contagion risk

Documents

 Tender Notice