Banking regulation, Prudential guidelines, NDIC, Decree 24, Deposit insurance, Nigeria
The banking industry is generally considered to be more regulated thon any other sector of the economy, This is largely due to the crucial role of financial intermediations played by the operators ln the industry. The review of the bonking lows particularly in on era of deregulation should therefore be seen as on important effort to enhance the efficiency, soundness and stability of the banking system. The regulatory and supervisory authorities are committed to safe and sound banking system and would therefore ensure compliance with all laws and regulations. lt would be seen from sections 46 mentioned above and other provisions discussed by previous speakers that the CBN has power to enforce its regulations.
"Miscellaneous matters and prudential guidelines,"
Bullion: Vol. 15:
4, Article 8.
Available at: https://dc.cbn.gov.ng/bullion/vol15/iss4/8