The Deposit Insurance Corporation (DIC) was established by the Central Bank
and Financial Institutions (Non-Banking) (Amendment) Act, 1986. The DIC plays
a critical role in contributing to the continued stability of Trinidad and Tobago's
financial system as a whole. Its main function is to manage a Fund to provide
insurance protection for depositors against the potential loss of their deposits
should a member financial institution fail.
The DIC
receives its powers and responsibilities from a number of laws which
govern both its operations as well as the management of the Fund for which it has oversight.