Implications of cross-border banking for financial integration in the West African sub-region

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dc.contributor.authorObaseki, P.J..
dc.date.accessioned2018-07-09T13:42:19Z
dc.date.available2018-07-09T13:42:19Z
dc.date.issued2009-12
dc.description.abstractThe paper sets out to review developments in cross-border banking in the West African sub-region and implications of the growth of cross-border banking institutions for financial integration in West Africa. This paper noted that initial efforts at cross-border banking in the sub-region were led by Ecobank Transnational Incorporated with the active support of the Economic Community of |West African States (ECOWAS), which acquired substantial shares in the bank, Regional approach to cross-border banking and financial integration in the sub-region has complimented the market approach facilitated by private enterprise. Regional efforts have been intensified but problems remain with the numerous barriers to the free movement of goods, services and capital. While cross-border banking can facilitate financial integration, there are a number of implications which require policy remedial actions and safeguards for the benefits of cross-border banking to be enjoyed by both home and host economies. The safeguards are in the areas of cooperation between home and host regulators and supervisors to ensure that cross-border banks are comprehensively supervised as well as ensure that risks are identified and analyzed wherever they occurred. The exchange of information between regulators and application of risk-based consolidated supervision is necessary to contain systemic risks. The paper concluded that the issue is not to halt financial globalization but, to put in place, mechanisms that will detect banking crises before they occur; and when they do occur, to apply remedial actions to contain and reverse the problems.en_US
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dc.description.provenanceMade available in DSpace on 2018-07-09T13:42:19Z (GMT). No. of bitstreams: 1 Implications of cross-border banking for financial integration in the.pdf: 9937761 bytes, checksum: 9b38892a39b5f78ee96287782214ad33 (MD5) Previous issue date: 2009-12en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationObaseki, P.J. (2009). Implications of cross-border banking for financial integration in the West African sub-region. Economic and Financial Review. 47(4), 187-215.en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/219
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeriaen_US
dc.relation.ispartofseriesVolume 47;No.4
dc.subjectCross-border bankingen_US
dc.subjectFinancial integrationen_US
dc.subjectFinancial liberationen_US
dc.subjectUnderdevelopmenten_US
dc.titleImplications of cross-border banking for financial integration in the West African sub-regionen_US
dc.typeArticleen_US

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