Overhauling the institutional structure of financial regulation in Nigeria: The unfinished reform
Folarin Akinbami and
Franklin N Ngwu ()
Additional contact information
Folarin Akinbami: Glasgow School of Business & Society, Glasgow Caledonian University
Franklin N Ngwu: Glasgow School of Business & Society, Glasgow Caledonian University
Journal of Banking Regulation, 2016, vol. 17, issue 4, 311-331
Abstract In recent years there have been calls for reforms to the institutional structure of bank regulation in Nigeria. It is argued these reforms are needed in order to strengthen the banking sector so that it can continue to play a key role in boosting economic development in Nigeria. To this end, this article analyses different arrangements for the institutional structure of bank regulation and maintains that bank supervision should be retained within the central bank. It further advocates a total restructuring of the institutional edifice of financial regulation with the view that the Twin-Peaks approach to financial regulation is the most advantageous institutional structure for financial sector regulation in Nigeria. There are merits and demerits with each of the different institutional structures but the strengths of Twin Peaks make it the optimal institutional structure for financial regulation in Nigeria.
Keywords: regulatory structure; banking; Twin-Peaks approach; central bank; Nigeria (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1057/jbr.2015.28 Abstract (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:jbkreg:v:17:y:2016:i:4:d:10.1057_jbr.2015.28
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Banking Regulation is currently edited by Dalvinder Singh
More articles in Journal of Banking Regulation from Palgrave Macmillan
Series data maintained by Sonal Shukla ().