MARKET REGULATION: ROLE OF RBF AND CONTROLLABLE CONTENT CHANGES- Objectives- Introduction- Literature Review- What does the Reserve Bank do? Analysis and Interpretation:- Financial System Supervision Objectives - What makes up Fiji's financial system? - The Reserve Bank's approach to regulating and supervising the financial system. - Exchange Control - Concluding Remarks - References OBJECTIVES The objective of this research paper is to: • Find out the role of the RBF in regulating Fiji's financial system focuses on the Fiji Financial Intelligence Unit. • Find out how these regulations help fight money laundering. • What controls does the RBF have in place regarding exchange controls. • Provide recommendations where appropriate. bank. The Reserve Bank was established in 1984 and was supposed to administer the money supply, foreign exchange reserves, supervise the commercial banking system and other economic matters to be dealt with. RBF operates as a bankers' bank and is also a government bank. It supervises the inflows and regulates the outflows of foreign capital and also supervises the activities of the Fijian insurance sector. All of the above functions of the RBF and the manner in which these functions are carried out constitute the monetary policy of Fiji. Here are the statutory responsibilities of the RBF. The functions, powers and responsibilities of the Bank are set out in the Reserve Bank of Fiji Act, 1983. • To regulate the issue of currency, and the supply, availability and international exchange of currency; promote a healthy financial structure; and• To promote credit and foreign exchange conditions conducive to transactions of a prudent nature, authorities should regulate and supervise the foreign exchange market with a view to ensuring international investor confidence and market discipline, provided that such authorities have necessary resources and information on market developments. Otherwise, the macroeconomic cost of the official type of exchange controls will be the country's continued inability to take advantage of economic globalization to enhance the economic well-being of the public at large. (1985) Financial Transactions Reporting Act (2004) Financial Transactions Reporting Regulations (2007) Samarasiri, P. (2008). Liberalization of exchange controls. Sri Lanka.Reserve Bank of Fiji Act, (1983)Banking Act (1995)Insurance Act (1998)