Publication:
Financial Sector Assessment Program : Nigeria - Crisis Management and Crisis Preparedness Frameworks

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-01T16:46:11Z
dc.date.available2013-10-01T16:46:11Z
dc.date.issued2013-05
dc.description.abstractThis note elaborates on the recommendations made in the Financial Sector Assessment Program (FSAP) for Nigeria in the areas of contingency planning, crisis management, and bank resolution. It summarizes the findings of the FSAP mission undertaken during September 4 to 19, 2012 and is based upon analysis of the relevant legal and policy documents and extensive discussions with the authorities and private sector representatives. The Nigerian financial system experienced a banking crisis in 2008-2009, partly triggered by the global financial crisis and by domestic events. The decisive crisis response effectively stabilized the banking system, but the challenge now is to devise a credible exit strategy and to strengthen the resolution framework. This note is structured as follows: chapter one sets out an overview of the banking crisis of 2009; chapter two analyses the institutional framework and coordination arrangements for systemic risk monitoring, crisis management, and cross-border coordination; chapter three assesses the approaches to intervene with potential problem institutions at an early stage; chapter four covers crisis management tools including official financial support, the resolution framework, Asset Management Corporation of Nigeria (AMCON); chapter five reviews the deposit insurance framework; and chapter six addresses the issue of legal protection.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/05/18181243/nigeria-financial-sector-assessment-program
dc.identifier.doi10.1596/15964
dc.identifier.urihttps://hdl.handle.net/10986/15964
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectASSET MANAGEMENT
dc.subjectASSET MANAGEMENT COMPANY
dc.subjectASSET PORTFOLIO
dc.subjectASSET STRIPPING
dc.subjectASSET VALUE
dc.subjectBALANCE-SHEET INSOLVENT
dc.subjectBANK ASSET
dc.subjectBANK DEPOSITS
dc.subjectBANK FAILURE
dc.subjectBANK FAILURES
dc.subjectBANK GUARANTEES
dc.subjectBANK LIQUIDATION
dc.subjectBANK NEGARA MALAYSIA
dc.subjectBANKING CRISIS
dc.subjectBANKING INDUSTRY
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEM ASSETS
dc.subjectBANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST
dc.subjectBUSINESS PLAN
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH FLOWS
dc.subjectCASH RESERVE
dc.subjectCENTRAL BANKS
dc.subjectCLAIM
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPANY LAW
dc.subjectCONNECTED LENDING
dc.subjectCONSOLIDATED SUPERVISION
dc.subjectCONSOLIDATION
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORRECTIVE ACTION
dc.subjectCORRECTIVE ACTIONS
dc.subjectCOURT PROCEEDINGS
dc.subjectCREDIT GUARANTEE
dc.subjectCREDIT LINE
dc.subjectCREDIT LINES
dc.subjectCREDIT RISKS
dc.subjectCREDITOR
dc.subjectCREDITOR CLAIMS
dc.subjectCREDITORS
dc.subjectCREDITS
dc.subjectCRIMINAL PENALTIES
dc.subjectDATA RELIABILITY
dc.subjectDEBT
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT RESTRUCTURING
dc.subjectDEBTORS
dc.subjectDECISION-MAKING POWERS
dc.subjectDEPOSIT
dc.subjectDEPOSIT GUARANTEE
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT INSURANCE AGENCY
dc.subjectDEPOSIT INSURANCE COVERAGE
dc.subjectDEPOSIT INSURANCE FUND
dc.subjectDEPOSIT INSURANCE SCHEME
dc.subjectDEPOSIT LIABILITIES
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDISCRETIONARY POWERS
dc.subjectDISCRIMINATORY TREATMENT
dc.subjectDISTRESSED ASSETS
dc.subjectDISTRESSED BANKS
dc.subjectDISTRESSED FIRM
dc.subjectDIVIDEND
dc.subjectDIVIDEND PAYMENT
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC SHOCKS
dc.subjectEMERGENCY LENDING
dc.subjectENFORCEMENT CAPACITY
dc.subjectEQUITABLE TREATMENT
dc.subjectEQUITIES
dc.subjectESTATE
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL CONGLOMERATE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL POLICY
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEM STABILITY
dc.subjectFIXED ASSETS
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CREDITORS
dc.subjectFOREIGN FIRMS
dc.subjectFRAMEWORK FOR BANK INSOLVENCY
dc.subjectFRAUDS
dc.subjectGENERAL INSOLVENCY LAW
dc.subjectGOING CONCERN
dc.subjectGOOD FAITH
dc.subjectGOVERNMENT SECURITIES
dc.subjectHOLDING COMPANIES
dc.subjectHOLDING COMPANY
dc.subjectIMPAIRED ASSETS
dc.subjectINDIVIDUAL BANKS
dc.subjectINDIVIDUAL LIABILITY
dc.subjectINSIDER LENDING
dc.subjectINSOLVENCY
dc.subjectINSOLVENCY LAW
dc.subjectINSOLVENCY PROBLEM
dc.subjectINSOLVENCY PROCEEDINGS
dc.subjectINSOLVENCY PROCESS
dc.subjectINSOLVENT
dc.subjectINSOLVENT BANKS
dc.subjectINSOLVENT ESTATE
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSURED DEPOSITS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectJUDICIAL REVIEW
dc.subjectJUDICIARY
dc.subjectJURISDICTION
dc.subjectJURISDICTIONS
dc.subjectLARGE CREDITORS
dc.subjectLAWS
dc.subjectLEGAL ACTIONS
dc.subjectLEGAL AUTHORITY
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL POWERS
dc.subjectLEGAL PROCEEDINGS
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL PROVISIONS
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDATION FRAMEWORK
dc.subjectLIQUIDATION PROCEEDINGS
dc.subjectLIQUIDATION PROCESS
dc.subjectLIQUIDATIONS
dc.subjectLIQUIDATOR
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY ASSISTANCE
dc.subjectLIQUIDITY POSITIONS
dc.subjectLIQUIDITY PROBLEMS
dc.subjectLIQUIDITY RATIO
dc.subjectLIQUIDITY RATIOS
dc.subjectLIQUIDITY SUPPORT
dc.subjectLOAN
dc.subjectMANDATE
dc.subjectMANDATES
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET VALUE
dc.subjectMERGER
dc.subjectMERGERS
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMINIMUM LIQUIDITY RATIO
dc.subjectMONETARY COMPENSATION
dc.subjectMORAL HAZARD
dc.subjectNARROW BANKING
dc.subjectNATIONAL BANK
dc.subjectNEGOTIATIONS
dc.subjectNONPERFORMING LOANS
dc.subjectNUMBER OF BANKS
dc.subjectOFF BALANCE SHEET
dc.subjectOPEN BANK
dc.subjectORDERLY LIQUIDATION
dc.subjectPARENT COMPANY
dc.subjectPAYMENT OF DIVIDENDS
dc.subjectPENALTIES
dc.subjectPENALTY
dc.subjectPROBLEM BANKS
dc.subjectPROBLEM LOANS
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectPUBLIC CONFIDENCE
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC POLICY
dc.subjectPURCHASE AND ASSUMPTION TRANSACTION
dc.subjectRECAPITALIZATION
dc.subjectRECOVERY OF DEBTS
dc.subjectREGULATORY FORBEARANCE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REFORM
dc.subjectREORGANIZATION
dc.subjectREORGANIZATION PROCEEDINGS
dc.subjectREPAYMENT
dc.subjectRESERVE BANK
dc.subjectRISK MANAGEMENT
dc.subjectRISK OF INSOLVENCY
dc.subjectSETTLEMENT
dc.subjectSOLVENCY
dc.subjectSOLVENCY PROBLEMS
dc.subjectSTOCK MARKET
dc.subjectSUBORDINATED DEBT
dc.subjectSUBSIDIARIES
dc.subjectSUPERVISORY ACTION
dc.subjectSUPERVISORY AGENCIES
dc.subjectSUPERVISORY FRAMEWORK
dc.subjectSUPPORT TO BANKS
dc.subjectSYSTEMIC BANKING DISTRESS
dc.subjectSYSTEMIC CRISIS
dc.subjectSYSTEMIC RISK
dc.subjectTREATMENT OF CREDITORS
dc.subjectUNION
dc.subjectUNIVERSAL BANKING
dc.subjectUNSECURED CREDITORS
dc.subjectUNSECURED DEBT
dc.subjectUNSECURED LOANS
dc.subjectWINDING UP
dc.subjectWINDING-UP
dc.titleFinancial Sector Assessment Program : Nigeria - Crisis Management and Crisis Preparedness Frameworksen
dspace.entity.typePublication
okr.date.disclosure2013-09-02
okr.date.doiregistration2025-05-07T11:40:38.415279Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/05/18181243/nigeria-financial-sector-assessment-program
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid582491468078232710
okr.identifier.externaldocumentum000442464_20130902142935
okr.identifier.internaldocumentum18181243
okr.identifier.report80733
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/09/02/000442464_20130902142935/Rendered/PDF/807330ESW0Nige00Box379814B00Public0.pdfen
okr.region.administrativeAfrica
okr.region.countryNigeria
okr.sectorFinance :: General finance sector
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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