Nigeria; Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues
The global financial crisis provided Nigerian banks with opportunities to expand within Sub-Saharan Africa. Nigerian banks have active cross-border liquidity flows, which may complicate the operation of monetary policy. The Central Bank of Nigeria (CBN) should enhance further its work in improving cross-border supervision, including home-host coordination and cooperation. The CBN may also consider taking initiative in establishing a regional coordination group similar to the Vienna Initiative. The CBN should improve data collection and granularity on cross-border transactions and funding flows of Nigerian international banks.
Year of publication: |
2013-05-28
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Banking sector | International banking | Liquidity | Bank supervision | Central bank role | Financial Sector Assessment Program | Nigeria | banking | subsidiaries | bank groups | capital adequacy | capital adequacy ratio | banking sector | banking supervision | regional bank | banking activities | consolidated supervision | capital markets | banking operations | european investment bank | national bank | capital needs | macroeconomic stability | banking system | banking crisis | capital flows | deposit insurance | investment bank | crisis prevention | banking supervisor | bank crisis | bank negara malaysia |
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