Financial Sector Assessment : Fiji
The financial sector in Fiji is generally sound but has concentrated too heavily on domestic exposures producing a lack of risk diversification. This concentration is an increasing vulnerability, as foreign currency earnings become more dependent o...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/10/8665695/fiji-financial-sector-assessment http://hdl.handle.net/10986/7620 |
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okr-10986-7620 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ACCOUNTING STANDARDS ALTERNATIVE FUNDING APEX INSTITUTION ASSET DIVERSIFICATION ASSET PORTFOLIO ASSET QUALITY AUCTIONS BALANCE SHEETS BANK ASSETS BANK BRANCHES BANK DEPOSITS BANK LENDING BANK LIQUIDITY BANK SUPERVISION BANKING SECTOR BANKING SECTOR ASSETS BANKING SYSTEM BASIS POINTS BROKERS BUYBACK CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL BASES CAPITAL LOSSES CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CAPITAL OUTFLOWS CAPITAL STRUCTURES CAPITALIZATION CASH BALANCES CASH FLOW CASH FLOWS CENTRAL BANK CHECKING ACCOUNTS CLEARING HOUSE COMMERCIAL BANK COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMODITY PRICE COMPLIANCE COSTS CONTRACTUAL SAVINGS CORPORATE GOVERNANCE CREDIT GROWTH CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INSTITUTION CREDIT INSTITUTIONS CREDIT QUALITY CREDIT RISK CREDIT UNION CREDIT UNIONS CURRENCY EARNINGS DEBENTURES DEBT DEBT MANAGEMENT DEBT SECURITIES DEBT SERVICE DEBT-SERVICE DEBTS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DISCLOSURE REQUIREMENTS DIVERSIFIED INVESTOR DIVERSIFIED INVESTOR BASE DIVERSIFIED PORTFOLIO ENABLING ENVIRONMENT EQUITY MARKETS EQUITY STAKE EXCESS LIQUIDITY EXCHANGE CONTROL EXCHANGE CONTROLS FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL PERFORMANCE FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FISCAL POLICY FIXED EXCHANGE RATE FIXED INCOME FIXED INCOME SECURITIES FLOATING RATES FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK FOREIGN INVESTMENTS FOREIGN INVESTORS GLOBAL CAPITAL GLOBAL MARKETS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT SECURITIES GOVERNMENT SECURITIES HOLDINGS GOVERNMENT SECURITIES MARKET GRANT FUNDING INFLATION INSTITUTIONAL CAPACITY INSTITUTIONAL CREDIT INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL DIVERSIFICATION INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT ASSETS INVESTMENT OPPORTUNITIES INVESTMENT RESTRICTIONS INVESTOR CONFIDENCE LABOR MARKET LEGAL MONOPOLY LEGISLATIVE FRAMEWORK LIQUID ASSETS LIQUIDATION LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY PROBLEMS LOAN CLASSIFICATION LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL BANKS LOCAL MARKET LONG- TERM ASSETS MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET DEVELOPMENT MARKET REGULATOR MARKET RISKS MARKET SIZE MATURITY MATURITY MISMATCH MICRO ENTERPRISE MICRO ENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MONETARY POLICY MONEY MARKET MORTGAGE MORTGAGES NATURAL DISASTERS NEGATIVE SHOCKS NONPERFORMING LOAN NPL OPEN ECONOMY OPEN MARKET PAYMENT SYSTEM PENSION PENSION FUND PENSIONS PORTFOLIO PORTFOLIO DIVERSIFICATION PORTFOLIO INVESTMENT PORTFOLIOS REAL INTEREST REAL INTEREST RATE REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REMITTANCES RESERVE RESERVE BANK RESERVE FUNDS RESERVE REQUIREMENTS RESERVES RETURN RETURN ON ASSETS RETURNS RISK DIVERSIFICATION RISK MANAGEMENT RISK PROFILE RURAL BANKING RURAL FINANCE SAVINGS ACCOUNTS SECONDARY BOND MARKET SECONDARY MARKET SECONDARY MARKET ACTIVITY SECONDARY MARKET DEVELOPMENT SECONDARY MARKET LIQUIDITY SECURITIES EXCHANGES SECURITIES MARKET DEVELOPMENT SETTLEMENT SHORT-TERM DEBT SOLVENCY STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION TERM DEPOSIT TERRORISM TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY BILL TRUST ORGANIZATIONS TRUSTEE TURNOVER VALUATION WITHDRAWAL |
| spellingShingle |
ACCOUNTING ACCOUNTING STANDARDS ALTERNATIVE FUNDING APEX INSTITUTION ASSET DIVERSIFICATION ASSET PORTFOLIO ASSET QUALITY AUCTIONS BALANCE SHEETS BANK ASSETS BANK BRANCHES BANK DEPOSITS BANK LENDING BANK LIQUIDITY BANK SUPERVISION BANKING SECTOR BANKING SECTOR ASSETS BANKING SYSTEM BASIS POINTS BROKERS BUYBACK CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL BASES CAPITAL LOSSES CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CAPITAL OUTFLOWS CAPITAL STRUCTURES CAPITALIZATION CASH BALANCES CASH FLOW CASH FLOWS CENTRAL BANK CHECKING ACCOUNTS CLEARING HOUSE COMMERCIAL BANK COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMODITY PRICE COMPLIANCE COSTS CONTRACTUAL SAVINGS CORPORATE GOVERNANCE CREDIT GROWTH CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INSTITUTION CREDIT INSTITUTIONS CREDIT QUALITY CREDIT RISK CREDIT UNION CREDIT UNIONS CURRENCY EARNINGS DEBENTURES DEBT DEBT MANAGEMENT DEBT SECURITIES DEBT SERVICE DEBT-SERVICE DEBTS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DISCLOSURE REQUIREMENTS DIVERSIFIED INVESTOR DIVERSIFIED INVESTOR BASE DIVERSIFIED PORTFOLIO ENABLING ENVIRONMENT EQUITY MARKETS EQUITY STAKE EXCESS LIQUIDITY EXCHANGE CONTROL EXCHANGE CONTROLS FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL PERFORMANCE FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FISCAL POLICY FIXED EXCHANGE RATE FIXED INCOME FIXED INCOME SECURITIES FLOATING RATES FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK FOREIGN INVESTMENTS FOREIGN INVESTORS GLOBAL CAPITAL GLOBAL MARKETS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT SECURITIES GOVERNMENT SECURITIES HOLDINGS GOVERNMENT SECURITIES MARKET GRANT FUNDING INFLATION INSTITUTIONAL CAPACITY INSTITUTIONAL CREDIT INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL DIVERSIFICATION INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT ASSETS INVESTMENT OPPORTUNITIES INVESTMENT RESTRICTIONS INVESTOR CONFIDENCE LABOR MARKET LEGAL MONOPOLY LEGISLATIVE FRAMEWORK LIQUID ASSETS LIQUIDATION LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY PROBLEMS LOAN CLASSIFICATION LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL BANKS LOCAL MARKET LONG- TERM ASSETS MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET DEVELOPMENT MARKET REGULATOR MARKET RISKS MARKET SIZE MATURITY MATURITY MISMATCH MICRO ENTERPRISE MICRO ENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MONETARY POLICY MONEY MARKET MORTGAGE MORTGAGES NATURAL DISASTERS NEGATIVE SHOCKS NONPERFORMING LOAN NPL OPEN ECONOMY OPEN MARKET PAYMENT SYSTEM PENSION PENSION FUND PENSIONS PORTFOLIO PORTFOLIO DIVERSIFICATION PORTFOLIO INVESTMENT PORTFOLIOS REAL INTEREST REAL INTEREST RATE REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REMITTANCES RESERVE RESERVE BANK RESERVE FUNDS RESERVE REQUIREMENTS RESERVES RETURN RETURN ON ASSETS RETURNS RISK DIVERSIFICATION RISK MANAGEMENT RISK PROFILE RURAL BANKING RURAL FINANCE SAVINGS ACCOUNTS SECONDARY BOND MARKET SECONDARY MARKET SECONDARY MARKET ACTIVITY SECONDARY MARKET DEVELOPMENT SECONDARY MARKET LIQUIDITY SECURITIES EXCHANGES SECURITIES MARKET DEVELOPMENT SETTLEMENT SHORT-TERM DEBT SOLVENCY STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION TERM DEPOSIT TERRORISM TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY BILL TRUST ORGANIZATIONS TRUSTEE TURNOVER VALUATION WITHDRAWAL World Bank Financial Sector Assessment : Fiji |
| geographic_facet |
East Asia and Pacific Oceania Fiji |
| description |
The financial sector in Fiji is
generally sound but has concentrated too heavily on domestic
exposures producing a lack of risk diversification. This
concentration is an increasing vulnerability, as foreign
currency earnings become more dependent on tourism and
remittances from workers overseas. Fiji has a financially
strong and highly profitable banking sector, good
supervision and laws, and a high degree of long-term
contractual savings through the insurance and pension
sectors. The major distortion arises, however, from the Fiji
National Provident Fund (FNPF), which itself accounts for
about 40 percent of financial system assets. This paper
takes a close look at Fiji's financial sector as it
relates to the following: macroeconomic environment and
risk; monetary policy, the financial sector stability and
performance of the banking, insurance and Provident national
fund; the regulatory framework; access to finance; payment
systems; and anti laundering and terrorism. The paper also
gives and overall assessment and key recommendations. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Financial Sector Assessment : Fiji |
| title_short |
Financial Sector Assessment : Fiji |
| title_full |
Financial Sector Assessment : Fiji |
| title_fullStr |
Financial Sector Assessment : Fiji |
| title_full_unstemmed |
Financial Sector Assessment : Fiji |
| title_sort |
financial sector assessment : fiji |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/10/8665695/fiji-financial-sector-assessment http://hdl.handle.net/10986/7620 |
| _version_ |
1764404159670386688 |
| spelling |
okr-10986-76202021-04-23T14:02:37Z Financial Sector Assessment : Fiji World Bank ACCOUNTING ACCOUNTING STANDARDS ALTERNATIVE FUNDING APEX INSTITUTION ASSET DIVERSIFICATION ASSET PORTFOLIO ASSET QUALITY AUCTIONS BALANCE SHEETS BANK ASSETS BANK BRANCHES BANK DEPOSITS BANK LENDING BANK LIQUIDITY BANK SUPERVISION BANKING SECTOR BANKING SECTOR ASSETS BANKING SYSTEM BASIS POINTS BROKERS BUYBACK CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL BASES CAPITAL LOSSES CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CAPITAL OUTFLOWS CAPITAL STRUCTURES CAPITALIZATION CASH BALANCES CASH FLOW CASH FLOWS CENTRAL BANK CHECKING ACCOUNTS CLEARING HOUSE COMMERCIAL BANK COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMODITY PRICE COMPLIANCE COSTS CONTRACTUAL SAVINGS CORPORATE GOVERNANCE CREDIT GROWTH CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INSTITUTION CREDIT INSTITUTIONS CREDIT QUALITY CREDIT RISK CREDIT UNION CREDIT UNIONS CURRENCY EARNINGS DEBENTURES DEBT DEBT MANAGEMENT DEBT SECURITIES DEBT SERVICE DEBT-SERVICE DEBTS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DISCLOSURE REQUIREMENTS DIVERSIFIED INVESTOR DIVERSIFIED INVESTOR BASE DIVERSIFIED PORTFOLIO ENABLING ENVIRONMENT EQUITY MARKETS EQUITY STAKE EXCESS LIQUIDITY EXCHANGE CONTROL EXCHANGE CONTROLS FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL PERFORMANCE FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FISCAL POLICY FIXED EXCHANGE RATE FIXED INCOME FIXED INCOME SECURITIES FLOATING RATES FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK FOREIGN INVESTMENTS FOREIGN INVESTORS GLOBAL CAPITAL GLOBAL MARKETS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT SECURITIES GOVERNMENT SECURITIES HOLDINGS GOVERNMENT SECURITIES MARKET GRANT FUNDING INFLATION INSTITUTIONAL CAPACITY INSTITUTIONAL CREDIT INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL DIVERSIFICATION INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT ASSETS INVESTMENT OPPORTUNITIES INVESTMENT RESTRICTIONS INVESTOR CONFIDENCE LABOR MARKET LEGAL MONOPOLY LEGISLATIVE FRAMEWORK LIQUID ASSETS LIQUIDATION LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY PROBLEMS LOAN CLASSIFICATION LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL BANKS LOCAL MARKET LONG- TERM ASSETS MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET DEVELOPMENT MARKET REGULATOR MARKET RISKS MARKET SIZE MATURITY MATURITY MISMATCH MICRO ENTERPRISE MICRO ENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MONETARY POLICY MONEY MARKET MORTGAGE MORTGAGES NATURAL DISASTERS NEGATIVE SHOCKS NONPERFORMING LOAN NPL OPEN ECONOMY OPEN MARKET PAYMENT SYSTEM PENSION PENSION FUND PENSIONS PORTFOLIO PORTFOLIO DIVERSIFICATION PORTFOLIO INVESTMENT PORTFOLIOS REAL INTEREST REAL INTEREST RATE REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REMITTANCES RESERVE RESERVE BANK RESERVE FUNDS RESERVE REQUIREMENTS RESERVES RETURN RETURN ON ASSETS RETURNS RISK DIVERSIFICATION RISK MANAGEMENT RISK PROFILE RURAL BANKING RURAL FINANCE SAVINGS ACCOUNTS SECONDARY BOND MARKET SECONDARY MARKET SECONDARY MARKET ACTIVITY SECONDARY MARKET DEVELOPMENT SECONDARY MARKET LIQUIDITY SECURITIES EXCHANGES SECURITIES MARKET DEVELOPMENT SETTLEMENT SHORT-TERM DEBT SOLVENCY STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION TERM DEPOSIT TERRORISM TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY BILL TRUST ORGANIZATIONS TRUSTEE TURNOVER VALUATION WITHDRAWAL The financial sector in Fiji is generally sound but has concentrated too heavily on domestic exposures producing a lack of risk diversification. This concentration is an increasing vulnerability, as foreign currency earnings become more dependent on tourism and remittances from workers overseas. Fiji has a financially strong and highly profitable banking sector, good supervision and laws, and a high degree of long-term contractual savings through the insurance and pension sectors. The major distortion arises, however, from the Fiji National Provident Fund (FNPF), which itself accounts for about 40 percent of financial system assets. This paper takes a close look at Fiji's financial sector as it relates to the following: macroeconomic environment and risk; monetary policy, the financial sector stability and performance of the banking, insurance and Provident national fund; the regulatory framework; access to finance; payment systems; and anti laundering and terrorism. The paper also gives and overall assessment and key recommendations. 2012-06-11T13:57:05Z 2012-06-11T13:57:05Z 2007-10 http://documents.worldbank.org/curated/en/2007/10/8665695/fiji-financial-sector-assessment http://hdl.handle.net/10986/7620 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work East Asia and Pacific Oceania Fiji |