Yet the growth in households' equity ownership has come with an ironic twist: While more households own shares of corporations, many of the new stockholders are unable to play a role in corporate governance. Why? Because Americans have largely purchased their shares through pension funds, mutual funds, insurance companies, and other financial institutions.
Regular updates and assurances by the Reserve Bank of Fiji to this effect play a key role in maintaining confidence in Fiji’s financial system. Moreover, unlike the foreign banking system, the domestic financial system is financed from local depositors and credit is extended to domestic entities – in this respect, Fiji is immune from the global financial crisis.