At the same time, shadow banking can be a form of regulatory arbitrage, circumventing the regulations to which banks are subject. Such behaviour can create distortions and additional risks to the system. As bank regulations are tightened, the incentives for such behaviour obviously increase.
The rules of the game are influenced by those that possess economic power and they can and do change these rules. That, unfortunately, is the reality of the world. But Fiji must take its place in the sun. We must compete. No one owes us a living. We must be quick to market and be a reliable source of supply of quality products.