Reference no: EM132607388

Non-Bank financial institution (NBFI) is a financial institution that does not have a full banking license and cannot accept deposits from the public. However, NBFIs do facilitate alternative financial services, such as investment (both collective and individual), risk pooling, financial consulting, brokering, money transmission, and check cashing. NBFIs are a source of consumer credit (along with licensed banks). Examples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some microloan organizations, and pawn shops. These non-bank financial institutions provide services that are not necessarily suited to banks, serve as competition to banks, and specialize in sectors or groups (Source: World Bank)

With reference to the above, select any three Non-bank financial institutions (NBFIs) operating in Fiji and answer the questions as follows;

1. Discuss the brief history of the three NBFIs of your choice.

2. Discuss any three types of services/ products that it provides in Fiji.

3. Discuss any three types of risks or the challenges that these NBFIs encounter in their operation. You may also relate this to current market situations (Crisis due to COIVD-19).

4. Discuss how these NBFIs deal with the challenges/risks they encounter.

5. Discuss three differences between NBFIs and the commercial banks operating in Fiji.

Note: Provide a complete reference list which should be prepared in accordance with one of the internationally accepted referencing standards.