Nigeria : : Financial Sector Stability Assessment

• Record Nr.: UNINA9910779759503321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2013
• ISBN: 1-4843-9479-8; 1-4843-4685-8; 1-4843-9894-7
• Descrizione fisica: 1 online resource (133 p.)
• Collana: IMF Staff Country Reports
• Soggetti: Economic policy - Nigeria; Finance - Nigeria; Banks and Banking; Public Finance; Industries: Financial Services; Criminology; Financial Risk Management; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Illegal Behavior and the Enforcement of Law; Taxation, Subsidies, and Revenue: General; Financial Institutions and Services: Government Policy and Regulation; Crisis Management; Banking; Corporate crime; white-collar crime; Public finance & taxation; Finance; Economic & financial crises & disasters; Commercial banks; Anti-money laundering and combating the financing of terrorism (AML/CFT); Legal support in revenue administration; Financial services; Crime; Financial institutions; Crisis management; Financial crises; Revenue administration; Banks and banking; Money laundering; Revenue; Financial services industry; Nigeria
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; Contents; Glossary; Executive Summary; Table; 1. Key FSAP Recommendations; I. Macroeconomic Performance and Structure of the Financial System; Figures; 1. Recent Macroeconomic and Stock Market Price Developments; 2. Structure of the Financial System, 2011; II. Financial Sector Risks and Resilience; A. Banking System Structure and Performance; 3. Comparative Size of Capital Markets; Boxes; 1. Measures Adopted in Response to the 2008 Banking Crisis; 2. Selected Financial Soundness Indicators, 2008-12; 3. Bank-Wide Financial Soundness Indicators, June 2012 B. Risks to Banking Sector Stability; C. Stress Tests; 2. Stress Test Scenarios and Shock; D. Systemic Liquidity Management; 4. Tiered Structure of the Banking System; III. Macroprudential and Cross Sectoral Issues; A. Macroprudential Policy; B. Cross-Border Issues; 3. The Financial Services Regulation Coordinating Committee; C. Other Cross-Sectoral Issues; IV. Financial System Oversight; A. Banking Sector; B. Securities Markets; C. Insurance and Pension Sectors; V. Financial Safety Nets and Crisis Management; A. Crisis Management Tools; B. AMCONC. Systemic Crisis Management; D. Deposit Insurance; E. Legal Protection; VI. Developmental Issues in Finance; VII. Payment Systems; VIII. Anti-Money Laundering and Combating of Financing Terrorism (AML/CFT); Appendixes; I. Risk Assessment Matrix; II. Stress Testing Matrix (STeM); Appendix Tables; 1. Solvency Risk Stress Tests; 2. Liquidity Risk Stress Tests; 3. Interest and Exchange Rate Risk Stress Tests; III. Status of Implementation of 2002 FSAP Recommendations; IV. Profit and Loss Sharing Banking in Nigeria; V. Key Tables; 4. Selected Economic and Financial Indicators, 2009-14; 5. Financial Soundness Indicators 6. Credit Risk Sensitivity Analysis; 7. Interest Rate Risk Sensitivity Analysis (Banking Book); 8. Foreign Exchange Risk Sensitivity Analysis; 9. Equity Price Risk Sensitivity Analysis; 10. Sensitivity Analysis: Multi-Factor Shocks; Annexes; Observance of Financial Sector Standards and Codes Summary Assessments; I. Compliance with Basel Core Principles for Effective Banking Supervision; Annexes Tables; 1. Structure of the Financial System, 2011; 2. Summary Compliance with the Basel Core Principles - Detailed Assessments; 3. Recommended Action Plan to Improve Compliance with the Basel Core Principles II. Observance of the IAIS Insurance Core Principles; 4. Summary of Observance of the Insurance Core Principles; 5. Recommendations to Improve Observance of ICPS; III. Implementation of the IOSCO Principles and Objectives of Securities Regulation; 6. ; Summary Implementation of the IOSCO Principles; 7. Recommended Action Plan to Improve Implementation of the IOSCO Principles
• Sommario/riassunto: This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the financial system. Although Nigerian economy experienced both domestic and external shocks in recent years, the economy continued to grow rapidly, achieving more than 7 percent growth each year since 2009. The performance of financial institutions has begun to improve, though some of the emergency anti-crisis measures continue to be in place. However, the regulatory and supervisory framework has gaps and weaknesses. In sum, the Nigerian economy has emerged from the banking crisis, and has the potential to enjoy an extended period of strong economic growth.