000			02865cam a22002058i 4500
020			_a9780367861056
020			_a9781032171975
082	0	4	_aHG3120.5 .A34 2022 _b1
100	1		_aAdeyemo, Folashade,
245	1	0	_aBanking regulation in Africa : _bthe case of Nigeria and other emerging economies / _cFolashade Adeyemo.
264		1	_aAbingdon, Oxon ; _aNew York, NY : _bRoutledge, _c2022
300			_aVii, 190 pages
490	1		_aRoutledge research in finance and banking law
500			_aBased on author's thesis (doctoral - Brunel University, 2017) issued under title: Towards clarifying the powers of the Nigerian banking regulator.
505	0		_aThe Nigerian Banking System -- Banking Regulation: Justification, Theory and Rationale -- Banking Regulation in Nigeria -- Regulatory Responses to Financial Crises' -- Understanding Nigerian Bank Regulation: A Closer Look at Bank Licence Revocation -- A Scheme for Reform.
520			_a"There is scarce literature on the development of banking regulation in Nigeria, or the scope of powers of the Central Bank of Nigeria, which is its core banking sector regulator. The critical impetus of this book is to contribute to the literature of this area, with a detailed exploration of the Nigerian regulatory architecture. In addition, the book also engages in a comparative analysis with two emerging economies in Africa: South Africa and Kenya. It also considers the UK and the US as comparator jurisdictions in light of their regulatory responses to the global financial crisis of 2008. This book contributes to the ongoing discourse in this area by exploring, in detail, the theoretical underpinnings of regulation and supervision, to determine whether there is an understanding of what constitutes effective regulation in these jurisdictions. Given that Nigeria is the core jurisdictional focus, a historical account of banking exchanges from the pre-colonial era to more recent times is provided. Offering an understanding of how political, local and economic settings, in conjunction with the theories of regulation have impacted and influenced regulatory development in Nigeria, the book engages in an examination of Nigeria's historical experiences with bank failures, including the banking crisis it experienced in 2008. The newly enacted Banks and Other Financial Institutions Act 2020 is also explored as part of this discourse. Through a critical analysis of the law, the book demonstrates that the Nigerian regulator has historically adopted a reactionary strategy, instead of a proactive and pragmatic approach, which is imperative for an effective regulatory regime. The outcome of this analysis is that there are lessons to be learned, and proposals are discussed in order to rethink the act of banking regulation"--
650		0	_aBanking law
650		0	_aBanks and banking
942			_2lcc _cBK
999			_c14706 _d14706