• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

CBN issues guidelines for Basel III, to commence implementation in November

4 years ago
in Banking & Finance, highlights, Home, home-news, latest News
2 min read
0 0
0
85
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

CBN issues guidelines for Basel III, to commence implementation in November

The Nigerian Central Bank (CBN) has set November 2021 as the deadline for banks to begin implementing Basel III criteria.

The Basel III standard is a voluntary global regulatory framework that addresses bank capital adequacy, stress testing, and market liquidity risk.

This follows its declaration a year ago (September 11, 2020) that it will begin a gradual adoption of Basel III requirements and update existing Basel II guidelines on Regulatory Capital and Supervisory Review Process in the fiscal years 2020-2021.

This was disclosed in  a circular to all banks, with ID-BSD/ DIR/PUB /LAB /14/ 063, signed by  Haruna Mustafa, Director of Banking Supervision.

The CBN stated that the recommendations will be implemented in tandem beginning November 2021 for a six-month period, which could be extended by another three months if supervisory expectations are met.

The CBN also announced that all banks must submit monthly returns no later than five working days after the end of the previous month, with effect from November 2021.

RelatedPosts

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon

U.S. Government Shutdown Leaves Energy Markets on Edge

Gold Miners Stage Comeback as Share Sales Surge to Record High

The Basel III guidelines will run concurrently with the existing Basel II guidelines during the parallel run, and the Basel Ill guidelines will become completely effective after the parallel run is over, according to CBN.

Read Also: EU watchdog approves plans for Vodafone to join its partners for the Ethiopia entry

“Finally, all banks are to note that capital add-on will be introduced in a phased manner as part of the overall supervisory process of Pillar II assessment to enhance better risk management practices and better align their capital with their risk profiles,” the CBN added.

This aims to decrease the risk of the financial sector becoming overly leveraged and to protect against undue concentration.

According to the CBN, the goal of these guidelines is to specify the minimum Liquidity Coverage Ratio (LCR) standards for reporting companies in the Nigerian banking system.

What you should know 

  • The Basel III standard is a voluntary global regulatory framework that addresses bank capital adequacy, stress testing, and market liquidity risk.
  • By raising bank liquidity and lowering bank leverage, the norm aims to increase bank capital requirements.
  • The CBN has also released guidelines for the Liquidity Coverage Ratio (LCR), Liquidity Risk Management (LRM), and Internal Liquidity Adequacy Assessment Process (ILAAP), Large Exposures, and Regulatory Capital Definition, among other criteria.
  • The LCR strives to improve reporting entities’ short-term liquidity risk profile by ensuring that they have enough unencumbered high-quality liquid assets (HQLA) that can be convertible cheaply and quickly into cash in private markets to survive a substantial stress scenario lasting 30 calendar days.

Tags: CBN issues guidelines for Basel IIIglobal regulatory frameworkLiquidity Coverage Ratio (LCR)market liquidity risk.to commence implementation in November
No Result
View All Result

Highlights

NorvanReports at 5: The Rise of a Fearless Voice in Ghana’s Economic Storytelling

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana

ICUMS Set to Complete Major Upgrade to Enhance System Performance

IMF Staff Mission Reaches Staff-Level Agreement with Côte d’Ivoire on EFF/ECF and RSF Programmes

Fuel Prices Set to Rise Marginally at the Pumps From Today

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

Trending

Features

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon

October 1, 2025

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon The much-anticipated First National...

U.S. Government Shutdown Leaves Energy Markets on Edge

October 1, 2025

Gold Miners Stage Comeback as Share Sales Surge to Record High

October 1, 2025

NorvanReports at 5: The Rise of a Fearless Voice in Ghana’s Economic Storytelling

October 1, 2025

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.