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

_IMF Staff Country Reports, May 28, 2013_

## Source details

**Canonical URL:** [Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues](https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/bundle-manifest.json)

## Bibliographic details
- Published: May 28, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484316788.002

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### Key findings
- 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.

### Analysis of cross-border banking implications
- Cross-border liquidity flows from Nigerian banks create challenges for monetary policy operations.
- Expansion of Nigerian banks within Sub-Saharan Africa increases the importance of effective home-host supervisory coordination and cooperation.

### Policy recommendations
- 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.

### Subjects and keywords
- Subjects: 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

*IMF Staff Country Report: Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues (May 28, 2013).*

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## Content in this bundle

- **Snapshot of Cross-Border Liquidity Flows in January and August 2012.**
  - [Snapshot of Cross-Border Liquidity Flows in January and August 2012. (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13142.pdf.md){rel="alternate" type="text/markdown"}
  - [Snapshot of Cross-Border Liquidity Flows in January and August 2012. (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13142.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578_