The Nigerian resolution framework for domestic systemically important banks: a reconsideration of the public bail-out model and procedural safeguards

Chike Emedosi

The Nigerian resolution framework for domestic systemically important banks: a reconsideration of the public bail-out model and procedural safeguards

Chike Emedosi^* (Corresponding Author)

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

This article reviews the extent to which Nigeria’s resolution framework for domestic systemically important banks adopts the Financial Stability Board’s bail-in principles and procedural safeguards. It demonstrates that, despite its enhanced resolution powers, the Nigerian resolution framework is still inherently based on a public bail-out system and the exercise of resolution powers remains exposed to judicial interruptions.

Original language	English
Pages (from-to)	502 - 513
Number of pages	11
Journal	International Company and Commercial Law Review
Volume	30
Issue number	9
Publication status	Published - 2019

Data Availability Statement

No data availability statement.

Keywords

bail-in
banking supervision
BANKS
liquidation
Nigeria
special resolution regime
systemically important financial institutions

Cite this

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AB - This article reviews the extent to which Nigeria’s resolution framework for domestic systemically important banks adopts the Financial Stability Board’s bail-in principles and procedural safeguards. It demonstrates that, despite its enhanced resolution powers, the Nigerian resolution framework is still inherently based on a public bail-out system and the exercise of resolution powers remains exposed to judicial interruptions.

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KW - liquidation

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KW - systemically important financial institutions

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JO - International Company and Commercial Law Review

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The Nigerian resolution framework for domestic systemically important banks: a reconsideration of the public bail-out model and procedural safeguards

Abstract

Data Availability Statement

Keywords

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