Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues
May 28, 2013
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Asset and liability management, Banking, Crisis management, Cross-border banking, Education, Financial crises, Financial institutions, Financial services, Foreign banks, Liquidity
Keywords: bank, CBN discretion, CBN supervisor, Central Africa, country, CR, Crisis management, Cross-border banking, Europe, Foreign banks, ISCR, Liquidity, Nigeria, Nigerian bank, parent bank, Togolese bank, West Africa
Pages:
14
Volume:
2013
DOI:
Issue:
142
Series:
Country Report No. 2013/142
Stock No:
1NGAEA2013004
ISBN:
9781484316788
ISSN:
1934-7685
