Risk Management Regulations

This topic provides focused legal and regulatory insight into the framework governing risk management within banks and other regulated financial institutions in Nigeria. It covers the requirements relating to the identification, assessment, monitoring and mitigation of financial and non-financial risks, including credit, market, liquidity, operational, strategic, reputational, technology and cybersecurity risks, as well as enterprise-wide risk governance, internal controls, risk appetite, reporting and board and management oversight.

It also examines key regulatory and supervisory developments affecting risk management, including Central Bank of Nigeria directives and guidelines, prudential standards, regulatory reporting requirements, supervisory expectations, stress testing, business continuity and operational resilience, and regulatory enforcement. The resource is intended to provide a practical and authoritative guide to the evolving risk management framework and its implications for the governance, resilience and regulatory compliance of financial institutions operating in Nigeria.