Connect with us

BUSINESS

NDIC to work with CBN to conduct Risk Based Supervision in banks — MD

Published

on

The Nigeria Deposit Insurance Corporation (NDIC) says it will continue to work with the Central Bank of Nigeria (CBN) to conduct Risk Based Supervision (RBS) in its insured financial institutions.

RBS is a comprehensive, formally structured system that assesses risks within the financial system, giving priority to the resolution of those risks.

The NDIC in the Corporation’s official Twitter handle on Tuesday quoted its Managing Director, Mr Bello Hassan, as saying this.

Hassan said that the RBS was a proactive measure toward anticipating all risks, macro and micro as well as global and domestically to address same continuously.

According to him, we have tried to immunise the system to withstand whatever shocks that may be impacting on the Nigerian economy and the financial system.

legit.news

Ginika Okoye

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel

Website Designed By DEBORIAN.COM, a Nigerian Web Designer and Web Developer -