Nigeria: Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Compliance of the Basel Core Priciples for Effective Banking Supervision

May 28, 2013

Summary

The assessment of the implementation of the Basel Core Principles (BCP) was conducted for effective banking supervision 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 of the supervisory capacity of Nigerian banking system supervisors.

Subject: Bank licensing, Bank supervision, Banking, Capital adequacy requirements, Corporate governance, Credit risk, Financial regulation and supervision, Legal support in revenue administration, Market risk, Revenue administration

Keywords: Africa, Bank licensing, Bank supervision, BOFI Act, CBN supervisor, CR, Credit risk, Global, ISCR, Legal support in revenue administration, Market risk, merchant bank, risk exposure, risk management, risk profile, senior management, West Africa

Pages:
153
Volume:
2013
DOI:
https://doi.org/10.5089/9781484363287.002
Issue:
146
Series:
Country Report No. 2013/146
Stock No:
1NGAEA2013008
ISBN:
9781484363287
ISSN:
1934-7685

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