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

Publication Date: May 28, 2013
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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(s): Banking sector | International banking | Liquidity | Bank supervision | Central bank role | Financial Sector Assessment Program | Nigeria

Publication Date: May 28, 2013
ISBN/ISSN: 9781484316788/1934-7685 Format: Paper
Stock No: 1NGAEA2013004 Pages: 14
US$18.00 (Academic Rate:
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