2013-12-11 | BSD/DIR/CIR/GEN/LAB/06/053/4

Guidance Notes on Supervisory Review Process

The Central Bank of Nigeria outlines the supervisory review process for banks, consisting of two stages: the Internal Capital Adequacy Assessment Process (ICAAP) and the Supervisory Review and Evaluation Process (SREP). Banks must identify risks, assess capital adequacy, and conduct stress testing. The CBN reviews and evaluates the ICAAP, analyzing risk profiles, capital adequacy, and compliance with rules. The ICAAP report includes strategies, risk exposures, and internal capital calculations. The SREP assesses exposure to risks, verifies compliance, and issues opinions on the bank's situation. The CBN may require remedial actions if capital adequacy is unsatisfactory.

Nigeria

Central Bank of Nigeria

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