The Turks & Caicos Financial Services Commission (FSC) has updated its supervisory analytical toolkit following a CARTAC-led programme that supported a redesign of its liquidity stress testing framework and enhancements to its contagion risk analysis. The five-day training and hands-on technical assistance, delivered by the Caribbean Regional Technical Assistance Centre (CARTAC) and hosted at the FSC’s Providenciales office from 23–27 March 2026, moved the FSC’s liquidity stress testing approach to a cash-flow–based methodology intended to strengthen assessments of funding resilience under multiple stress scenarios. Contagion work was also upgraded to improve the FSC’s ability to identify, assess and monitor potential spillovers across the domestic financial system and the wider Caribbean region, with the FSC indicating it plans to integrate the improvements into its risk-based supervision framework.
Turks & Caicos Financial Services Commission 2026-04-13
Turks & Caicos Financial Services Commission shifts to cash flow based liquidity stress testing and strengthens contagion risk analysis with IMF CARTAC support
The Turks & Caicos Financial Services Commission has updated its supervisory analytical toolkit following a Caribbean Regional Technical Assistance Centre-led programme that redesigned its liquidity stress testing framework and enhanced contagion risk analysis. Liquidity stress testing now uses a cash-flow-based methodology to better assess funding resilience under multiple stress scenarios, while contagion analysis has been upgraded to improve identification and monitoring of spillovers across the domestic financial system and the wider Caribbean region, with planned integration into risk-based supervision.