*  *  *  The Commissioner Northern, Lieutenant Colonel Inia Seruiratu Labasa Town Administrator Mr. Vijay Chand Microfinance clients and entrepreneurs Representatives of banks and financial institutions Government agencies and NGOs People of Labasa Distinguished guests, ladies and gentlemen Introductory remarks Bula si’a and a very good morning to you all.
As the current financial crisis dramatically shows, neither market participants nor the global regulatory framework have kept pace with the expansion and innovative forces of the global financial markets. At present, regulators, central bankers, and market participants all over the world are trying to identify the causes of the crisis and search for lessons to be learnt from it.