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LequteMan
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The Central Bank of Nigeria is planning to put numerous banks under a lot of stress in a test exercise, ThisDay reports:
Owing to banks’ exposure to the oil and gas sector in the face of tumbling oil prices as well as the risk management deficiencies revealed by a recent risk-based supervision exercise conducted by the Central Bank of Nigeria (CBN), the apex regulator is broaching the idea of stress-testing banks.
Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane stated this in his latest monthly economic news and views presented at the Lagos Business School’s executive breakfast meeting.
Rewane said the bank would need the exercise “like a bullet in the head.”
He listed increased non-performing loans (NPLs) and provisioning as well as oil and gas risk assets as the likely focus is a stress test is to take place.
He stated that banks with oil and gas exposure would be the focus.
click here to read more
#Nigeria #CBN
Owing to banks’ exposure to the oil and gas sector in the face of tumbling oil prices as well as the risk management deficiencies revealed by a recent risk-based supervision exercise conducted by the Central Bank of Nigeria (CBN), the apex regulator is broaching the idea of stress-testing banks.
Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane stated this in his latest monthly economic news and views presented at the Lagos Business School’s executive breakfast meeting.
Rewane said the bank would need the exercise “like a bullet in the head.”
He listed increased non-performing loans (NPLs) and provisioning as well as oil and gas risk assets as the likely focus is a stress test is to take place.
He stated that banks with oil and gas exposure would be the focus.
click here to read more
#Nigeria #CBN
