 Mr Williams acknowledged the cooperation received from Mr. Duprey and the CL Financial Group, recognized First Citizens Bank for its role, cautioned the entire financial sector to "let competition take a back seat" and support the Government in keeping Clico as a functioning entity, and called for the support of the community of depositors and policyholders.Mrs Karen Nunez-Tesheira, T&T Minister of Finance, also made a statement describing the urgency with which the government and the Bank is pursuing changes to the regulatory framework governing financial institutions, and reiterating government's commitment to protecting depositors.A memorandum of understanding (MOU) describing the intended actions, also dated January 30, was signed by the Minister of Finance (on behalf of the Government) and Lawrence Duprey (acting for CL Financial Limited and its affiliates).