Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues

May 28, 2013

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Format: Chicago

Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

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.

Subject: Asset and liability management, Banking, Crisis management, Cross-border banking, Education, Financial crises, Financial institutions, Financial services, Foreign banks, Liquidity

Keywords: Bank, CBN discretion, CBN supervisor, Central Africa, Country, CR, Crisis management, Cross-border banking, Europe, Foreign banks, ISCR, Liquidity, Nigeria, Nigerian bank, Parent bank, Togolese bank, West Africa

Publication Details

Pages:

14
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/142
Stock No:

1NGAEA2013004
ISBN:

9781484316788
ISSN:

1934-7685

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