Nigeria : Publication of Financial Sector Assessment Program Documentation––Technical Note on Crisis Management and Crisis Preparedness Frameworks

Publication Date: May 28, 2013
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Summary: The Nigerian financial system underwent a banking crisis in 2008–09, owing to the global financial crisis and domestic events. The decisive crisis response effectively stabilized the banking system, but the challenge now is to devise a credible exit strategy. The Central Bank of Nigeria (CBN) has a broad resolution toolkit, which was put to use during the crisis to resolve the intervened banks. The Nigerian authorities set up the Asset Management Corporation of Nigeria (AMCON) to purchase nonperforming loans of banks.
Series: Country Report No. 13/143
Subject(s): Banking sector | Banking crisis | Bank supervision | Bank resolution | Deposit insurance | Risk management | Crisis prevention | Financial systems | Nigeria

Publication Date: May 28, 2013
ISBN/ISSN: 9781484373040/1934-7685 Format: Paper
Stock No: 1NGAEA2013005 Pages: 50
US$18.00 (Academic Rate:
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