Background of BRED Bank (Fiji) Limited BRED Bank (Fiji) Limited is locally incorporated and is a subsidiary of Compagnie Financiere de la BRED (in short, COFIBRED). COFIBRED, in turn, is the wholly owned subsidiary and international investment arm of BRED Banque Populaire, the largest regional co-operative bank of the Banque Populaire Group of France.
With regard to data quality, the “Principles for effective risk data aggregation and risk reporting” published by the Basel Committee on Banking Supervision in 2013 are a suitable benchmark. We will closely monitor whether banks are applying these principles.