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

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 c...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
International Finance
Economic & Financial Crises & Disasters
Depository Institutions
Banks And Banking, Foreign
Cross-border Banking
Banks
Finance
Financial Crises
Banks And Banking
Financial Institutions
Financial Services
Micro Finance Institutions
Crisis Management
Asset And Liability Management
Mortgages
International Lending And Debt Problems
Liquidity
Liquidity; Economics
Education
Education: General
Banking
Financial Risk Management
Foreign Banks
Finance: General
Portfolio Choice
Investment Decisions
Nigeria
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:14 pages
ISBN:9781484316788

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