Regulatory Alerts2014-03-05 | DFD/GEN/MCFTEG/2014Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For Fiscal Years 2014/2015
Below are some of the key bank and financial institution regulatory documents issued by the Central Bank of Nigeria (CBN): **Banking Regulation:** - Liquidity Ratio Computation Circular No. 02/044 dated January 29, 2009 - Risk-Based Pricing Model Circular No. 04/120 dated October 20, 2011 - Common Accounting Year End Regulation (No. 2 of 2010) - Scope, Conditions & Minimum Standards for Commercial Banks and Merchant Banks issued as separate regulations in 2010. - Prudential Guidelines for Deposit Money Banks in Nigeria, Circular No. 02/126 dated July 1, 2010 **Supervisory Intervention Framework:** - Supervisory Intervention Framework (SIF) issued as Circular No. 04/042 on March 15, 2011 **Other Financial Institutions Regulation:** - Revised Microfinance Policy, Regulatory and Supervisory Framework issued as Circular No. 01/06 dated August 11, 2011 - Over-the-Counter Cash Transaction Policy (COD/DIR/GEN/CIT/05/031) dated April 20, 2011. **Cross Border Supervision:** - Framework for Cross Border Supervision issued as Circular No. 04/052 on April 4, 2011. These documents provide guidance on the regulatory framework for banks and other financial institutions in Nigeria, including prudential guidelines, risk management standards, accounting procedures, customer complaints handling, and supervisory interventions.