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This technical note discusses anti-money laundering and combating the financing terrorism (AML-CFT) supervision of the banking sector in West African Economic and Monetary Union (WAEMU). The decision to focus on the AML/CFT supervision of the WAEMU banking sector was based on the remit of the...
Persistent link: https://www.econbiz.de/10015059340
The institutional and legal frameworks for financial stability in the West African Economic and Monetary Union (WAEMU) have seen significant progress since the previous Financial Sector Assessment Program (FSAP) in 2008. 1 The institutional reform of the WAEMU and the Central Bank of West...
Persistent link: https://www.econbiz.de/10015060155
This Technical Note focuses on strengthening of monetary and liquidity management in Nigeria. The Central Bank of … Nigeria (CBN) has robust institutional framework in place to design and implement monetary policy. The CBN has also sufficient …
Persistent link: https://www.econbiz.de/10014394565
This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the …
Persistent link: https://www.econbiz.de/10014395170
To assess the financial stability in Nigeria, various stress tests and analytic processes were undertaken jointly by …
Persistent link: https://www.econbiz.de/10014395171
Nigeria (CBN) should enhance further its work in improving cross-border supervision, including home-host coordination and …
Persistent link: https://www.econbiz.de/10014395172
exit strategy. The Central Bank of Nigeria (CBN) has a broad resolution toolkit, which was put to use during the crisis to … resolve the intervened banks. The Nigerian authorities set up the Asset Management Corporation of Nigeria (AMCON) to purchase …
Persistent link: https://www.econbiz.de/10014395173
) Principles in Nigeria was conducted as part of the International Monetary Fund (IMF)-World Bank Financial Sector Assessment …
Persistent link: https://www.econbiz.de/10014395174
Nigeria undertook a Financial Sector Assessment Program (FSAP), which included a review of the structure of Nigeria … Commission (NAICOM) of Nigeria can expand the objective to include the creation of a fair, safe, and stable insurance sector for …
Persistent link: https://www.econbiz.de/10014395175
in Nigeria. The assessment team reviewed the legal framework for banking supervision and held extensive discussions with … the staff of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). It is assessed that … Nigeria has recorded significant improvement in its level of compliance with the BCPs, which is attributed to the enhancement …
Persistent link: https://www.econbiz.de/10014395176