Moreover, the resolution rules under the systemic-risk exception do not require that uninsured depositors and other creditors, much less stockholders, be made whole. Consistent with this view, the market clearly believes that large institutions are not too big for uninsured creditors to take at least some loss.
The Fiji National University (FNU) is one of these stakeholders, given its critical role in training a skilled workforce for both the domestic and international markets.