Experts hope for improvements in Pacific banking

Financial experts from around the Pacific region have met in Fiji to discuss the development of stable banking and stock market activity.

Dr Parmendra Sharma from the Griffith Asia Institute spoke to Radio New Zealand International on Tuesday about the meeting.He told host Jenny Meyer the purpose of the forum was to strengthen future strategic alliances in the finance sector.

“The banking system is relatively stable at least here in Fiji” He said “But in terms of efficiency there might be some room for improvement. The suggestion was that given the fact that the banking system here in Fiji and elsewhere in the South Pacific is really dominated by the large share presence of Australian banks it might be useful to explore the idea of seeing whether there could be strategies to make the banking system here in Fiji and the rest of the South Pacific very similar to what it might be in Australia.”

To listen to the full interview, or to read a transcript visit the Radio New Zealand website..