The separation of supervisory functions from regulatory ones is necessary for the political legitimation of regulatory standards. The overlap of regulatory and supervisory territories guarantees compliance with the principle of central responsibility for financial stability. In this 1/2  BIS central bankers' speeches  context, it is necessary to find ways to ensure and safeguard this basic principle within banking union.
World wide the financial landscape has changed driven by a number of factors including growth in financial markets, cross border flows, technological advancement in communication and information technology, changing macroeconomic factors, and globalization of markets and business. It is therefore pleasing to know that Fiji is keeping up there with the global trend. What is FIJICLEAR? What is FIJICLEAR?