For example, the Employee Retirement Income Security Act (ERISA) sets standards for private pension fund managers, including the requirements that, as fiduciaries, they act prudently and solely in the interest of the pension fund participants. Supervision of these fiduciaries must ensure that these standards are consistently met and that fiduciaries themselves fully understand the nature of their risk exposure.
Of our trading partners, New Zealand, Japan and the Euro-zone are in recession, while growth in the US and Australia has slowed considerably. •  The crisis has resulted in sharp swings in the Fiji dollar vis-à-vis the currencies of our trading partners. However, the Nominal Effective Exchange Rate remains stable.