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

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

May 28, 2013

Electronic Access:

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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. 13/142

Subject:

English

Publication Date:

May 28, 2013

ISBN/ISSN:

9781484316788/1934-7685

Stock No:

1NGAEA2013004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

14

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