Nigeria : publication of financial sector assessment program documentation - technical note of banking cross-border issues /

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2013.
Description:1 online resource (20 pages :) : illustrations.
Language:English
Series:IMF Staff Country Reports, 2227-8907 ; Country Report No. 13/142
IMF Staff Country Reports ; Country Report no. 13/142.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12502059
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund.
ISBN:9781484316788
9781484300107
1484300106
9781484300107
Notes:Includes bibliographical references.
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.
Standard no.:10.5089/9781484300107.002

MARC

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260 |a Washington, D.C. :  |b International Monetary Fund,  |c ©2013. 
300 |a 1 online resource (20 pages :) :  |b illustrations. 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a IMF Staff Country Reports,  |x 2227-8907 ;  |v Country Report No. 13/142 
504 |a Includes bibliographical references. 
520 3 |a 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. 
505 0 |a Cover; Contents; Glossary; I. Introduction; II. Cross-Border Expansion of Nigerian Banks; III. Cross-Border Coordination Issues; Figure; 1. Snapshot of Cross-Border Liquidity Flows in January and August 2012; IV. Recommendations; Box; 1. The European Bank Coordination "Vienna" Initiative (EBCI); References. 
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