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Economic and Financial Review

Authors

K. Norris

Publisher

Research Department, Central Bank of Nigeria.

Keywords

Consolidated supervision, Banking supervision, Central Bank of Nigeria, Nigeria.

Abstract

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).

Issue

46

Volume

4

Recommended Citation

Norris, K. (2008). Supervising cross-border banks: matters arising. Economic and Financial Review, 46(4), 183–194.

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