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Financial Sector Assessment : FijiThe financial sector in Fiji is
 generally sound but has concentrated too heavily on domestic
 exposures producing a lack of risk diversification. This
 concentration is an increasing vulnerability, as foreign
 currency earnings become more dependent on tourism and
 remittances from workers overseas. Fiji has a financially
 strong and highly profitable banking sector, good
 supervision and laws, and a high degree of long-term
 contractual savings through the insurance and pension
 sectors. The major distortion arises, however, from the Fiji
 National Provident Fund (FNPF), which itself accounts for
 about 40 percent of financial system assets. This paper
 takes a close look at Fiji's financial sector as it
 relates to the following: macroeconomic environment and
 risk; monetary policy, the financial sector stability and
 performance of the banking, insurance and Provident national
 fund; the regulatory framework; access to finance; payment
 systems; and anti laundering and terrorism. The paper also
 gives and overall assessment and key recommendations.
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Financial Sector Assessment : MalaysiaMalaysia, as many of its Asian
 neighbors, experienced significant macro/financial distress
 in the late 1990s. The transformed and strengthened
 financial sector has been able to weather the recent global
 financial crisis well. Financial market intermediaries 
 reliance on cross-border and interbank funding remains
 limited. Banking institutions are well capitalized and are
 expected to be able to meet Basel three capital requirements
 comfortably by the 2019 implementation deadline. Asset
 quality has improved significantly over the last 5 years and
 banks are profitable, with low cost-to-income ratios
 compared to regional peers. The authorities have taken steps
 to monitor and mitigate the potential significant risks of
 recent rapid loan growth. The regulatory and supervisory
 regimes for banking, insurance and securities are well
 developed and exhibit a high degree of compliance with
 international standards. Government equity holdings in the
 financial sector, both direct and indirect, are extensive.
 Further development of the domestic Islamic financial system
 presents both opportunities and challenges.
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Financial Sector Assessment : UruguayUruguay suffered a severe banking and
 currency crisis in 2002 from the spillover of
 Argentina's crisis. The crisis highlighted important
 underlying weaknesses of the Uruguayan financial sector,
 many of which were already well known. This Financial Sector
 Assessment summarizes the findings of a joint International
 Monetary Fund/World Bank Financial Sector Assessment Program
 (FSAP) team that visited Montevideo in October 2005 and
 January-February 2006. The purpose of the assessment was to
 help the authorities identify financial system strengths and
 weaknesses with a view to implementing an action plan to
 increase the system's contribution to economic
 development. The FSAP assessment is based on information
 provided by the authorities at the time of the missions.