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Nigeria’s central bank to commence phased implementation of Basel III standard

… To issue 3 guidelines for Fiscal Years 2020/2021 …To begin country risk assessment for lenders embarking on cross-border expansion

The Central Bank of Nigeria (CBN) on Friday said it would commence a phased implementation of Basel III standards and revise the existing Basel II guidelines on Regulatory Capital and Supervisory Review Process in 2020/2021 fiscal years. This is to reduce the risk of a build-up of excessive leverage in the banking system and provide…

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