2019-03-08 | BSD/DIR/GEN/LAB/12/004

Guidelines for the Management of Reputational Risk

The Central Bank of Nigeria (CBN) has issued guidelines for the management of reputational risk in the banking sector. The guidelines aim to ensure banks effectively manage their reputational risk, which is critical for maintaining trust in individual banks and the overall banking sector. Banks are expected to establish processes for identifying, assessing, mitigating, and controlling reputational risks, with a focus on stakeholders' trust and confidence. The CBN will assess the effectiveness of banks' reputational risk management strategies and assign a risk score.

Nigeria

Central Bank of Nigeria

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