As I mentioned before, the global financial crisis could develop in an environment with high growth and increasing risk appetite, with low interest rates and abundant liquidity on the one hand, and on the other hand the emergence of new risks, due to technological developments or innovation that were not adequately captured by microprudential and macroprudential regulation.
Barry Whiteside: Extending financial services outreach to the next level Opening speech by Mr Barry Whiteside, Acting Governor of the Reserve Bank of Fiji, at the National Microfinance Workshop on Extending Financial Services Outreach to the Next Level, Suva, 4 March 2011. * * * Distinguished Guests, Ladies and Gentlemen. Introductory remarks Good morning and bula vinaka to you all.