Regulatory Alerts2023-01-01
Revised Liquidity Risk Management Requirements for Credit Institutions
The Reserve Bank of Fiji issued this policy to supersede its 2005 predecessor and mandate that all licensed credit institutions adopt prudent liquidity risk management practices. The document requires institutions to establish comprehensive frameworks, including defined board responsibilities, stress testing, contingency funding plans, and specific liquidity ratios to withstand financial stress. It further mandates the use of cash-flow projections, early warning indicators, and regular independent audits to ensure ongoing compliance and robust liquidity positions.
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