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