The Nigerian Banking System in the Context of Policies of Financial Regulation and Deregulation PDF Download
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Author: Adedoyin Soyibo
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 48
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Book Description
Author: Adedoyin Soyibo
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 48
Get Book Here
Book Description
Author: Adeeko Olukayode Adesope
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Folashade Adeyemo
Publisher: Routledge
ISBN: 1000517071
Category : Law
Languages : en
Pages : 148
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Book Description
There is little literature on the development of banking regulation in Nigeria, or the scope of powers of the Central Bank of Nigeria, which is its core banking sector regulator. The critical impetus of this book is to contribute to the literature of this area, with a detailed exploration of the Nigerian regulatory architecture. In addition, the book also engages in a comparative analysis with two emerging economies in Africa: South Africa and Kenya. It also considers the UK and the US as comparator jurisdictions in light of their regulatory responses to the global financial crisis of 2008. This book contributes to the ongoing discourse in this area by exploring, in detail, the theoretical underpinnings of regulation and supervision, to determine whether there is an understanding of what constitutes effective regulation in these jurisdictions. Given that Nigeria is the core jurisdictional focus, a historical account of banking exchanges from the pre-colonial era to more recent times is provided. Offering an understanding of how political, local and economic settings, in conjunction with the theories of regulation, have impacted and influenced regulatory development in Nigeria, the book engages in an examination of Nigeria’s historical experiences with bank failures, including the banking crisis it experienced in 2008. The newly enacted Banks and Other Financial Institutions Act 2020 is also explored as part of this discourse. Through a critical analysis of the law, the book demonstrates that the Nigerian regulator has historically adopted a reactionary strategy, instead of a proactive and pragmatic approach, which is imperative for an effective regulatory regime. The outcome of this analysis is that there are lessons to be learned, and proposals are discussed in order to rethink the act of banking regulation.
Author: Olatunji Olugbenga Sobodu
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
Author: Osaruyi Erhabor
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 460
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Book Description
Author: G. A. T. Oboh
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 252
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Book Description
Author: Seth Apati
Publisher:
ISBN: 9780230317598
Category : Banks and banking
Languages : en
Pages : 224
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Book Description
This is the first comprehensive book on the politics and economics of financial sector consolidation in an emerging market in West Africa. It draws on the author's twenty years experience working with multinationals in this oil-rich zone, to address key issues and examine banking reform in one of the world's fastest-growing economies. With over $400 billion looted from the porous banking sector of Africa's oil-rich giant, Nigeria, banking sector reform is a key priority for the Central Bank and the newly-elected civilian regime, to attract foreign investors. However, several vested institutional and political interests make the reforms a herculean and near impossible task. After a hastily-designed economic policy and a banking industry consolidation which reduced the number of banks from 89 to 25 in 2 years, the regulators discovered that the quest for size reduction had created more problems for the banks. Was the consolidation successful? Did it impact positivelyon Nigeria's economic reform programme? And how did the US, the IMF and the World Bank contribute to the outcome? This book presents an almost minute-by-minute chronicle of the politics and intrigues, from a key boardroom participant who was actively involved in the restructuring of the Nigerian banking industry. It examines the corruption, regulatory challenge, and financial sector reforms in the world's largest black economy.Giving avivid account of how the banking sector in Nigeria prospered at the expense of the overall economy, the book traces the origins of the Nigerian banking reform, the dynamics of its banking sector, and future outlook of this emerging market - a country that aims to be one of the 20th largest economies in the world by 2020.
Author: Mr.Luc Laeven
Publisher: International Monetary Fund
ISBN: 1484363728
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this evolution can be explained by economies of scale or “too big to fail” subsidies. The paper then presents evidence on the extent to which bank size and market-based activities contribute to systemic risk. The paper concludes with policy messages in the area of capital regulation and activity restrictions to reduce the systemic risk posed by large banks. The analysis of the paper complements earlier Fund work, including SDN 13/04 and the recent GFSR chapter on “too big to fail” subsidies, and its policy message is in line with this earlier work.
Author: Jihad Dagher
Publisher: International Monetary Fund
ISBN: 1484337743
Category : Business & Economics
Languages : en
Pages : 89
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Book Description
Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.
Author: Adedoyin Soyibo
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 46
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Book Description
