Nigeria [chapter]

Florence Dafe
2020 The Political Economy of Bank Regulation in Developing Countries: Risk and Reputation  
In Nigeria regulators have gradually adopted Basel I, II, and III, although implementation and enforcement have been slow. The impetus for Basel adoption has come primarily from regulators, who are embedded in international policy networks. They consider Basel II and III the most appropriate set of regulatory standards to stabilize and manage risk in Nigeria's large, internationalized banking sector. While Basel adoption was not a salient issue among Nigeria's politicians, Nigeria's large
more » ... geria's large internationally active banks welcomed the implementation of Basel II as an important means to enhance their competitiveness and signal soundness to markets. These banks play an important role in providing employment and access to finance for the private sector, and their resolution would meet with resistance from politicians and lead to a loss of confidence in Nigeria's banking sector.
doi:10.1093/oso/9780198841999.003.0011 fatcat:qbyuwrmf4rd4nagsqvcucphupy