This technical assistance (TA) engagement supported the Reserve Bank of Fiji (RBF) in strengthening its capacity to supervise cyber risk through onsite examinations of financial institutions. Conducted in June 2023, the mission provided end to end guidance covering pre examination preparation, execution of onsite reviews, and post examination assessment and reporting. The primary objective was to assess the implementation of recently issued cybersecurity regulations and their integration into banks’ governance, risk management frameworks, and operational practices. The TA focused on enhancing supervisory methodologies by developing structured examination processes, including standardized information requests, targeted supervisory questions, and draft supervision manuals to support future inspections. Key recommendations emphasized broadening the scope of examinations to incorporate technology risk, improving pre examination planning, and strengthening supervisory capacity through targeted training. The TA also highlighted the importance of developing industry benchmarks, enhancing information sharing arrangements, and promoting regional cooperation among supervisors. Overall, the engagement strengthened the RBF’s supervisory framework, supporting the transition toward more systematic, risk based cyber supervision and contributing to financial sector resilience in Fiji and the Pacific region.
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