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Dr. Temitope Oshikoya. 2. Presentation Outline. Recent banking crisesOptions for Re-capitalizing banksBanking Risk ManagementCorporate governanceSupervisory and regulatory frameworkMacro-financial stabilityTying it together: Lessons from Indonesian ExperienceCross-border ImplicationsConclus
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1. Dr. Temitope Oshikoya 1 Banking Reforms in Nigeria: The Way Forward By
Temitope W. Oshikoya, Ph.D
Director-General
West African Monetary Institute, Accra
2. Dr. Temitope Oshikoya 2 Presentation Outline
Recent banking crises
Options for Re-capitalizing banks
Banking Risk Management
Corporate governance
Supervisory and regulatory framework
Macro-financial stability
Tying it together: Lessons from Indonesian Experience
Cross-border Implications
Conclusion
3. Dr. Temitope Oshikoya 3 Recent Banking Crises Stylised Facts
Since 1970s, over 120 episodes of systemic crises (see Laeven and Valencia, 2008; Lingren, Gracia and Saal (1996)
More than 50 cases of borderline or non-systemic crises
Average fiscal cost of 18% of GDP (Hoggarth, G. et al 2001)
Average output losses of 20% of GDP (Laeven and Valencia, 2008) in first 4 years of crisis
Bank lending, profitability, and investment subdued
Losses and costs higher when there is also a currency crisis
U.S., U.K., Japan, Norway, Sweden, Spain
Mexico, Argentina, Venezuela, Indonesia, Korea, Russia, Bulgaria, Ghana
Nigeria had episodes of banking crises, but the CBN had taken steps to prevent a full blown banking crisis this time around
4. Dr. Temitope Oshikoya 4 Recent Banking Crises