All financial intermediaries should be subject to a minimum of disclosure and risk management practices related to climate risks to avoid loopholes that could generate severe distortions both to the climate and financial stability agendas. iv. Beware that applying climate related regulation only on banks or certain financial institutions could have significant unintended consequences, including disintermediation and risk-shifting.
2  I acknowledge the Bank for being an active user of the Reserve Bank’s import substitution and export finance facilities. We continue to encourage banks to utilise these services for the benefit of their customers. Ladies and Gentlemen, HFC’s achievement in this three year period is testament to public confidence in the Fijian banking industry and in a growing Fijian economy.