About Bank >>Groups and Functions

GROUPS AND FUNCTIONS

The Bank has six groups Economics, Financial Markets, Financial Institutions, Currency and Corporate Services and Financial System Development and Compliance.  The key roles of each group are:-

Executive Services Group

The core functions of the Executive Services Group are to provide strategic leadership and management, deliver statutory and functional responsibilities and enhance national and international working relationship and liaison.  The Group’s other functions include Board Secretariat Services, publications and corporate communication.

Economics Group

The Economics Group conducts economic analysis and provides policy advice on the formulation of monetary policy.  The Group's core functions also include the preparation and analysis of monetary and economic forecasts and the production and issue of economic publications.

Financial Markets Group

The Financial Markets Group has primary responsibility for monetary policy implementation, registry and banking services, foreign reserves management and exchange control.  The Group ensures that the country's foreign reserves are managed within the parameters of safety, liquidity and profitability.

Financial Institutions Group

The Financial Institutions Group's major functions are to supervise the financial system by licensing, formulating and implementing prudential policy guidelines for financial institutions.  The Group's other functions include the development and strengthening of institutional infrastructure to prevent money-laundering activities.

Currency and Corporate Services Group

The Currency and Corporate Services Group is primarily responsible for ensuring the issue of an adequate supply of quality currency.  The Group is also responsible for all the Bank's internal services, including: accounts and financial reporting; human resources; information technology; plant and properties; security; records management; corporate projects; library and general administration.


Financial Systems Development and Compliance Group

The Financial Systems Development and Compliance Group's role is a development and monitoring one in the areas of microfinance, financial institutions complaints, fees and charges, remittances, demonopolisation of Fiji National Provident Fund, Local Advisory Boards for commercial banks, small medium enterprises, rural banking and financial literacy.