Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues
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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.
Series:
Country Report No. 2013/142
Subject:
Asset and liability management Banking Crisis management Cross-border banking Education Financial crises Financial institutions Financial services Foreign banks Liquidity
English
Publication Date:
May 28, 2013
ISBN/ISSN:
9781484316788/1934-7685
Stock No:
1NGAEA2013004
Pages:
14
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