BANK DISTRESS AND ITS RESOLUTION OPTIONS [THE NIGERIAN EXPERIENCE]

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dc.contributor.authorOKONTA, DIANA OKWUY
dc.date.accessioned2014-02-28T12:37:02Z
dc.date.available2014-02-28T12:37:02Z
dc.date.issued1999
dc.descriptionMBAen_US
dc.description.abstractThis study attempts to examine the problem of distress and the resolution options used in dealing with the problem in the Nigerian banking system.The study identified the causes of distress in the Nigerian banking industry to include Inhibiting Policy environment; capital inadequacy; management problems; ownership structure/pervasive influences among others. It also discovered that the level of distress in the Nigerian banking system kept increasing at an alarming rate despite the efforts made by government to address it. Some of the resolution measures used in dealing with the distress problem include establishment of legal frameworks (CBN decree 24 of 1991, BOFI decree 25 of 1991 and NDIC decree 22 of 1988), moral suasion,imposition of Holding Actions, financial assistance, supervisory intervention, change of management, suspension of banking license and liquidation of distressed banks.The study also found the existing distress framework to be ineffective in addressing the problems of banks because of inadequate resources for failure resolution,ineffectiveness of Holding Actions. The study therefore concludes that the ineffectiveness of the existing distress resolution framework can be attributed to the inadequacies and lapses inherent in the existing operational framework. The researcher recommends substantive reforms on bank distress resolution options, which should include: measures that will minimize the undesirable effects of Holding actions; the need to set aside financial resources to handle bank distress; increased supervisory capacity; distribution of failure losses during liquidation and restructuring of other sub-sectors of financial services industry.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/2992
dc.language.isoenen_US
dc.subjectBANK DISTRESS,en_US
dc.subjectRESOLUTION,en_US
dc.subjectOPTIONS,en_US
dc.subjectNIGERIAN,en_US
dc.subjectEXPERIENCEen_US
dc.titleBANK DISTRESS AND ITS RESOLUTION OPTIONS [THE NIGERIAN EXPERIENCE]en_US
dc.typeThesisen_US
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