However, a properly functioning fiscal union would depend on the member states transferring a substantial degree of national sovereignty to the community level by giving the community the necessary right to at least intervene in the event of unsound public finances. Transferring sovereignty on this scale would be a radical change that would require wide-ranging legislative changes nationally and at the European level.
Let me also add that ANZ Fiji has been continuously assessed by the Reserve Bank as a sound and resilient bank with strong capital and earning base as well as holding the largest  BIS central bankers’ speeches  1  market share. It is known for its compliance with international prudential standards.