Trinidad and Tobago's financial sector underwent significant changes after seeking financial help from the IMF/World Bank in the late 1980s. The country made progress in liberalizing its financial system by removing controls, introducing new financial tools, and enhancing regulation. Commercial banks are still the main players, but the country has diversified its financial intermediaries. The focus is now on managing risks, supervising institutions, and cooperating with regulatory authorities. Despite a small market size, the financial sector may remain bank-centered rather than market-centered.