The Central Bank of Trinidad and Tobago has begun a detailed examination of the long‑awaited Colman Report, following its tabling in Parliament by the Government on Friday.
The report, produced by the CLICO Commission of Enquiry, spans 676 pages and probes the events leading to the collapse of CL Financial.
In a brief statement, the Bank acknowledged concerns about the protracted nature of the enquiry process but said it is now conducting an “independent consideration” of the report’s findings.
Of particular focus are the potential implications for the State’s ongoing litigation against former CL Financial executives.
The Bank said it will provide further updates “as appropriate.”
In laying the report before Parliament on Friday, the Attorney General criticised the decade long handling of the CLICO collapse and the billions spent with no prosecutions to show.
He also noted that while he consulted the Central Bank Governor multiple times, any decision involving the Bank’s ongoing litigation rests solely with the Minister of Finance.