Regulatory Alerts2020-01-01
Minimum Requirements for the Management of Foreign Exchange Risk for Licensed Commercial Banks
The Reserve Bank of Fiji issued this policy to establish minimum standards for licensed commercial banks managing foreign exchange and settlement risks. It mandates comprehensive risk management frameworks, including independent oversight, robust measurement systems, and strict internal controls. The document prescribes specific maximum limits for overnight net open positions and derivatives, requiring banks to report exposures and maintain adequate capital buffers.
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