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

International Monetary Fund

No 2013/142, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; bank; Nigerian bank; Nigeria; CBN supervisor; country; parent bank; CBN discretion; Togolese bank; Liquidity; Cross-border banking; Foreign banks; Crisis management; Europe; West Africa; Central Africa (search for similar items in EconPapers)
Pages: 14
Date: 2013-05-28
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