Other Regulatory Directives
Other regulatory directives to the banks included the following:
(i) Code of Corporate Governance for banks: to ensure ethical practices by banks post consolidation, the CBN issued code of Corporate Governance guidelines for banks. This is with a view to encouraging transparency and accountability of management of banking institutions and the curtailment of risk appetite of banks.
(ii) Circular on the Development of Risk Management Systems in Nigerian Banks.
(iii) Framework for Risk-Based Supervision of Banks in Nigeria.
(iv)Circular on Unethical and Unprofessional Practice of Demarketing Colleagues/Other Banks in the Industry by spreading Rumours among others.