Cbn new prudential guidlines
You're referring to the new prudential guidelines issued by the Central Bank of Nigeria (CBN)!
The CBN has issued several prudential guidelines over the years to ensure the stability and soundness of the Nigerian banking system. Here are some of the recent ones:
- Prudential Guidelines for Banks and Other Financial Institutions (2010): This guideline sets out the minimum capital requirements, risk management, and other prudential standards for banks and other financial institutions in Nigeria.
- Prudential Guidelines for Microfinance Banks (2011): This guideline provides specific prudential standards for microfinance banks in Nigeria, including minimum capital requirements, risk management, and liquidity standards.
- Prudential Guidelines for Payment System Operators (2012): This guideline sets out the minimum standards for payment system operators in Nigeria, including requirements for risk management, security, and customer protection.
- Prudential Guidelines for Insurance Companies (2013): This guideline provides specific prudential standards for insurance companies in Nigeria, including minimum capital requirements, risk management, and solvency standards.
- Prudential Guidelines for Leasing Companies (2014): This guideline sets out the minimum standards for leasing companies in Nigeria, including requirements for risk management, capital adequacy, and asset quality.
- Prudential Guidelines for Mortgage Banks (2015): This guideline provides specific prudential standards for mortgage banks in Nigeria, including minimum capital requirements, risk management, and liquidity standards.
- Prudential Guidelines for Credit Reference Bureaus (2016): This guideline sets out the minimum standards for credit reference bureaus in Nigeria, including requirements for data protection, accuracy, and customer consent.
- Prudential Guidelines for Digital Banks (2020): This guideline provides specific prudential standards for digital banks in Nigeria, including requirements for risk management, capital adequacy, and customer protection.
These guidelines are designed to promote a stable and sound financial system in Nigeria, and to ensure that financial institutions operate in a safe and prudent manner.
Please note that these guidelines are subject to change, and it's always best to check with the CBN or other relevant regulatory bodies for the most up-to-date information.