Governments have had to provide institutional strengthening of major financial institutions and at the same time, international regulatory standards and best practices are being reviewed and new policies put in place to prevent the reoccurrence of such a financial crisis again.
The safety and soundness of financial institutions aims to ultimately ensure that the consumers receive the financial services and financial promises that are due to them from these institutions. 2  BIS Review 47/2010  Turning now to Fiji The global financial crisis did not directly affect Fiji’s financial system and financial institutions.