Regulatory Alerts2023-06-23 | BSD/DIR/GEN/LAB/09/048Added · Updated
Exposure Draft of the Guidelines on Liquidity Coverage Ratio for Non-Interest Banks in Nigeria
The Central Bank of Nigeria's guidelines outline liquidity requirements for non-interest financial institutions, aiming to ensure they maintain sufficient high-quality liquid assets to withstand stress events. The Liquidity Coverage Ratio (LCR) requires institutions to hold unencumbered liquid assets covering 30 days of expected outflows. The guidelines detail eligible assets, calculation methods, and reporting requirements, with a focus on Islamic banking practices and stress testing.
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