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Risk-based regulation: the future of Nigerian banking industry

S. K. Shanthi, Dr. Vinay Kumar Nangia, Prof Sanjoy Sircar, Dr K Srinivasa Reddy, Dr; Ajibo, Kenneth I

International journal of law and management. Volume 57:Issue 3 (2015); pp 201-216 -- MCB University Press -- Emerald

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  • Title:
    Risk-based regulation: the future of Nigerian banking industry
  • Author: S. K. Shanthi, Dr. Vinay Kumar Nangia, Prof Sanjoy Sircar, Dr K Srinivasa Reddy, Dr;
    Ajibo, Kenneth I
  • Found In: International journal of law and management. Volume 57:Issue 3 (2015); pp 201-216
  • Journal Title: International journal of law and management
  • Subjects: Labor laws and legislation--Great Britain--Cases; Labor laws and legislation--Great Britain--Periodicals; Trade regulation--Great Britain--Cases; Trade regulation--Great Britain--Periodicals; Dewey: 346.0664
  • Rights: legaldeposit
  • Publication Details: MCB University Press
    Emerald
  • Abstract: <x content-type="archive" xml:space="preserve">Abstract</x> Purpose

    – This paper aims to argue that the Nigerian banking industry needs to adopt a risk-based regulation as a future regulatory model in the industry. The frequent distress and failures in the industry have shown that reliance on recapitalisation and on credit rating information by the supervisors and investors to determine the health of the financial institutions is less than satisfactory. This is more so when agency ratings suffer accountability deficits.

    Design/methodology/approach

    – This paper posits that while the regulation of the credit ratings is necessary for institutional accountability, it is never a substitute for oversight functions and due diligence exercise for both the supervisors and investors in the industry. This exploratory research paper is structured to cover the origin of banking regulation in Nigeria, the recapitalised efforts by the regulators, the problem with the agency ratings and why the future of Nigerian banking regulation should be risk-based.

    Findings

    – This research paper posits that while reliance on recapitalisation strategy and agency rating publications is relevant in banks, the future of Nigerian banking regulation should be risk-based.

    Originality/value

    – The Nigerian banking industry should develop effective risk-management structures in line with the international regulatory framework.


  • Identifier: ETOClsidyv921e6028; System Number: LDEAvdc_100025892559.0x000001; Journal ISSN: 1754-243X; 10.1108/IJLMA-02-2014-0014
  • Publication Date: 2015
  • Physical Description: Electronic
  • Shelfmark(s): ELD Digital store

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