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

International Monetary Fund

No 2013/146, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; risk management; CBN supervisor; senior management; merchant bank; risk exposure; BOFI Act; risk profile; Market risk; Bank supervision; Legal support in revenue administration; Bank licensing; Credit risk; West Africa; Global; Africa (search for similar items in EconPapers)
Pages: 153
Date: 2013-05-28
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