Most of you may be aware that on 19 August, 2009, the administration of the Capital Markets Development Authority (CMDA) was transferred to the RBF under the Capital Markets Decree 2009. The Capital Markets Unit has successfully integrated into Team Reserve Bank and has added a different dimension and skills-set to the Bank.
Having said this, I wish to emphasise here that the work on capital markets is nothing new for the RBF since the initial planning, legislative and policy development of the capital markets in Fiji was birthed and housed in the RBF before it was decided to establish a separate institution to carry on the task once it took shape.