Research Department, Central Bank of Nigeria.
Consolidated supervision, Banking supervision, Central Bank of Nigeria, Nigeria.
An essential element of banking supervision is that supervisors supervise their banking groups on a consolidated basis, adequately monitoring and, as appropriate, applying prudential norms to all aspects of the business conducted by each group worldwide. This paper examines supervision of banking groups on a consolidated basis which goes beyond accounting consolidation. It simply implies that there is a group-wide approach to supervision whereby all risks taken on by each banking group are taken into account wherever they are booked (i.e. in the bank or in a subsidiary; in Nigeria or elsewhere).
Norris, K. (2008). Supervising cross-border banks: matters arising. Economic and Financial Review, 46(4), 183â€“194.