Nigeria : : Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Compliance of the Basel Core Priciples for Effective Banking Supervision

• Record Nr.: UNINA9910779759303321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2013
• ISBN: 1-4843-8260-9; 1-4843-6359-0; 1-4843-0667-8
• Descrizione fisica: 1 online resource (154 p.)
• Collana: IMF Staff Country Reports
• Soggetti: Banks and banking - State supervision - Nigeria; Banking law - Nigeria; Banks and Banking; Public Finance; Corporate Governance; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill; Financial Institutions and Services: Government Policy and Regulation; Taxation, Subsidies, and Revenue: General; Corporate Finance and Governance: Government Policy and Regulation; Banking; Financial services law & regulation; Public finance & taxation; Corporate governance; role & responsibilities of boards & directors; Market risk; Capital adequacy requirements; Legal support in revenue administration; Financial regulation and supervision; Bank supervision; Revenue administration; Bank licensing; Credit risk; Banks and banking; Financial risk management; Asset requirements; Revenue; State supervision; Nigeria
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di contenuto: Cover; Contents; Glossary; A; B; C; D; E; F; H; I; K; L; M; N; O; P; R; S; U; W; I. Summary, Key Findings and Recommendations; A. Introduction; B. Information and Methodology Used for Assessment; C. Institutional and Macroeconomic Setting, and Market Structure--Overview; D. Preconditions for Effective Banking Supervision; E. Main Findings of the BCP Assessment; Tables; 1. Summary Compliance with the Basel Core Principles--Detailed Assessments; 2. Recommended Action Plan to Improve Compliance with the Basel Core Principles; F. Authorities' Response to Assessment; 3. Detailed Self-Assessment of Compliance with the Basel Core PrinciplesAppendix I. Summary of Assessment of Compliance with the Core Principles
• Sommario/riassunto: The assessment of the implementation of the Basel Core Principles (BCP) was conducted for effective banking supervision in Nigeria. The assessment team reviewed the legal framework for banking supervision and held extensive discussions with the staff of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). It is assessed that Nigeria has recorded significant improvement in its level of compliance with the BCPs, which is attributed to the enhancement of the supervisory capacity of Nigerian banking system supervisors.