The Reserve Bank of Fiji, which sets the minimum requirements for appointing Heads of Financial Institutions, has implemented a new Banking Supervision Policy.
The Fiji Village website reports the policy guideline applies to all commercial banks and credit institutions licensed to operate in the country.
The Bank's Governor, Sada Reddy, says it is of the view that any financial institution operating in Fiji should ultimately be willing and able to work within the policy directives to assist in developing the country.
He says it is critical that the heads of these institutions possess a good understanding of the banking environment.
