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Should credit unions in Fiji be externally supervised?

Gounder, Aruna and Chand, Priteshni (2011) Should credit unions in Fiji be externally supervised? Fijian Studies: A Journal of Contemporary Fiji, 10 (1). pp. 78-98. ISSN 1728-7456

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Abstract

As financial markets have become more sophisticated, the frame-work to regulate and supervise their operations has commensu-rately changed. Credit unions have now begun to receive closer at-tention, given their important role in facilitating economic growth by mobilizing savings for productive use. Although they comprise a small proportion of the financial sector’s total assets and are presumed not to be involved in sophisticated financial instruments and therefore risks, they do serve a large number of small deposi-tors and are exposed to a number of financial and operational risks. The credit union sector in Fiji, though functional for long, has not been subject to external supervision. This paper reviews the operational process of credit unions in Fiji and discusses whether the current status of the industry warrants external super-vision.

Item Type: Journal Article
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Aruna Gounder
Date Deposited: 06 Aug 2020 12:25
Last Modified: 06 Aug 2020 12:25
URI: http://repository.usp.ac.fj/id/eprint/12268
UNSPECIFIED

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