Regulatory Alerts2013-12-11 | BSD/DIR/GEN/BAS/08/031/5Added · Updated
Guidance Notes on Supervisory Reveiw Process
The Central Bank of Nigeria's Supervisory Review Process is structured in 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 tests. The CBN reviews and evaluates the soundness of banks' ICAAP and may require improvements if unsatisfied.
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