《2020年银行和其他金融机构法》概述

A. Folarin
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引用次数: 0

摘要

修订和取代2004年《银行和其他金融机构法》(BOFIA)一直被吹捧为该国在创造有利的商业环境和改善尼日利亚投资环境方面雄心勃勃的下一个重要里程碑。尽管全球银行和金融部门不断创新,而且由于破坏性技术及其相关风险而日益复杂,但现已被废除的该法已经实施了大约16年,没有经过修订。此外,旧法案下松散的公司治理为内部滥用和腐败提供了空间,最终导致该国银行体系不良贷款(NPLs)的大幅增加。此外,由于2004年和2008年的金融危机,人们对尼日利亚银行体系的信心受到侵蚀,这可以追溯到该体系中的过度冒险、不计后果的信贷设施和其他不道德行为,这导致利益相关者长期以来不断呼吁对尼日利亚银行和金融监管框架进行审查。因此,《2020年银行和其他金融机构法》(BOFIA)的颁布旨在更新现有法案,以解决尼日利亚银行和金融服务业中一些令人衰弱的挑战,这些挑战是由一项已被证明在当前生态系统中严重不足的法案引起的,并使其与全球最佳实践保持一致。鉴于上述情况,本文概述了该法案的规定,因为它们影响和/或更新了尼日利亚银行和其他金融机构业务的监管框架。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
An Overview of the Banks and Other Financial Institutions Act 2020
The amendment and replacement of the Banks and Other Financial Institutions Act (BOFIA) 2004 had long been touted to be the next major milestone in the country’s ambitious drive towards creating an enabling business environment in the country and improving the Nigerian investment climate. The now-repealed Act had been in operation for about 16 years without amendment, despite progressive innovations in the banking and finance sector globally and the increasing complexities as a result of disruptive technologies and their associated risks. Also, lax corporate governance under the old Act had given room for insider abuse and corruption, culminating in the humongous increase in non-performing loans (NPLs) in the country’s banking system. Additionally, the erosion of faith in the Nigerian banking system as a result of the 2004 and 2008 financial crises which can be traced to the excessive risk-taking, reckless credit facilities, and other unethical practices in the system had resulted in the long and growing public clamour by stakeholders for the review of the regulatory framework for banking and finance in Nigeria. The enactment of the Banks and Other Financial Institutions Act (BOFIA) 2020 is, therefore, intended to update the existing Act to tackle some of these debilitating challenges in the Nigerian banking and financial services industry occasioned by an Act which has proved to be grossly inadequate in the present ecosystem and to bring it in line with global best practices. In view of the above, this paper gives an overview of the provisions of the Act as they affect and/or update the regulatory framework for banking and the business of other financial institutions in Nigeria.
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