Publication:
Nigeria: Methodological Approach for Development of a Target Deposit Insurance Fund Model

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2016-12-16T20:52:02Z
dc.date.available2016-12-16T20:52:02Z
dc.date.issued2016-05
dc.description.abstractPrinciple 11 of the International Association of Deposit Insurers (IADI) Core Principles (CP 11) states that deposit insurers are required to have available to them all funding mechanisms necessary to ensure the prompt reimbursement of depositors’ claims. One of the Essential Criteria under CP 11 is that the size of the fund, the “fund reserve ratio”, should be based on “clear, consistent and well-developed criteria.” Currently, the Nigerian Deposit Insurance Corporation (NDIC) sets its reserve ratio based on a formula that may not properly consider future risks as it is based partially on the level of insured deposits in banks deemed to be in distress. This paper presents a framework to assist the Nigerian Deposit Insurance Corporation (NDIC) in determining the target deposit insurance fund for Nigeria’s largest commercial and merchant banks. The framework takes into consideration the role that credit and liquidity risks play in bank failure as well as recent changes to bank regulation and crisis management in Nigeria.en
dc.identifierhttp://documents.worldbank.org/curated/en/699631481178146430/Nigeria-Methodological-approach-for-development-of-a-target-deposit-insurance-fund-model
dc.identifier.doi10.1596/25776
dc.identifier.urihttps://hdl.handle.net/10986/25776
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.subjectbanking sector
dc.subjectdeposit insurance
dc.subjectloss distribution
dc.subjectcredit portfolio
dc.subjectcredit failures
dc.titleNigeriaen
dc.title.subtitleMethodological Approach for Development of a Target Deposit Insurance Fund Modelen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleNigeria
okr.date.disclosure2016-12-08
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/699631481178146430/Nigeria-Methodological-approach-for-development-of-a-target-deposit-insurance-fund-model
okr.guid699631481178146430
okr.identifier.doi10.1596/25776
okr.identifier.externaldocumentum090224b08478fbf4_1_0
okr.identifier.internaldocumentum27005307
okr.identifier.report110818
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/699631481178146430/pdf/110818-WP-P150497-PUBLIC-ABSTRACT-SENT-NigeriaTargetFundModelConferenceVersionFINAL.pdfen
okr.region.administrativeAfrica
okr.region.countryNigeria
okr.sectorFinance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Deposit Insurance
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.unitF&M GP AFR-1 - IBRD (GFM01)
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