Digitalization is disrupting existing businesses and changing the positions and roles of incumbent players and customers. The present study aims to create understanding of how digitalization has changed customer value creation process and how companies could facilitate customers’ digital value formation? For this purpose, we make a qualitative inquiry and use inductive logic with rich data from the represented industry—the financial sector—which enables us to detect the evolution during past thirty years from executive point of view. We define digitalization-enabled evolution in the value creation sphere, in the value creation ecosystem, and in related process integration. Our contribution is based on defining digital value formation, revealing changes due to digitalization in related conceptualizations and showing how phase and nature of digital value formation can be detected by identifying the locus of value formation.
{"title":"Digitalization-Enabled Evolution of Customer Value Creation: An Executive View in Financial Services","authors":"Ilkka Lahteenmaki, Satu Nätti, Saila Saraniemi","doi":"10.2139/ssrn.3887270","DOIUrl":"https://doi.org/10.2139/ssrn.3887270","url":null,"abstract":"Digitalization is disrupting existing businesses and changing the positions and roles of incumbent players and customers. The present study aims to create understanding of how digitalization has changed customer value creation process and how companies could facilitate customers’ digital value formation? For this purpose, we make a qualitative inquiry and use inductive logic with rich data from the represented industry—the financial sector—which enables us to detect the evolution during past thirty years from executive point of view. We define digitalization-enabled evolution in the value creation sphere, in the value creation ecosystem, and in related process integration. Our contribution is based on defining digital value formation, revealing changes due to digitalization in related conceptualizations and showing how phase and nature of digital value formation can be detected by identifying the locus of value formation.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127036067","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aimed at assessing entrepreneurial orientation (EO) and its impact on organizational performance. The study measure EO using innovativeness, proactiveness, and risk-taking which are key dimensions of EO. This researcher adopted a descriptive and casual research design for the study which allowed the researcher to identify the cause-and-effect relationship between study variables. A purposive sample of 127 respondents was taken from different Micro Financial Institutions (MFIs) in Yaoundé, Cameroon for the study. A well-structured self-administered questionnaire was used in collecting data for the study. The relative performance of the organization compared to major competitors for the last three years has been considered as the measure for organizational performance. The scales used for the survey were validated using the Cronbach Alpha Test before performing the correlation and regression analyses which were the analytical method used to test our different hypotheses. The result of the correlation analysis revealed that innovativeness, proactiveness, and risk-taking had a positive relationship with organizational performance. In the same light, the regression analysis revealed that EO has a significant and positive impact on the organizational performance of MFIs in Yaoundé. The findings of the study will help entrepreneurs, business management researchers, and practitioners (managers) in developing strategies for better performance.
{"title":"Entrepreneurial Orientation and its Impact on Organizational Performance. Case of Selected Micro Financial Institutions (MFIs) In Yaoundé, Cameroon","authors":"Fuesoh Roy Yewoh, Mark Wiykiynyuy Tangwa","doi":"10.2139/ssrn.3937647","DOIUrl":"https://doi.org/10.2139/ssrn.3937647","url":null,"abstract":"This study aimed at assessing entrepreneurial orientation (EO) and its impact on organizational performance. The study measure EO using innovativeness, proactiveness, and risk-taking which are key dimensions of EO. This researcher adopted a descriptive and casual research design for the study which allowed the researcher to identify the cause-and-effect relationship between study variables. A purposive sample of 127 respondents was taken from different Micro Financial Institutions (MFIs) in Yaoundé, Cameroon for the study. A well-structured self-administered questionnaire was used in collecting data for the study. The relative performance of the organization compared to major competitors for the last three years has been considered as the measure for organizational performance. The scales used for the survey were validated using the Cronbach Alpha Test before performing the correlation and regression analyses which were the analytical method used to test our different hypotheses. The result of the correlation analysis revealed that innovativeness, proactiveness, and risk-taking had a positive relationship with organizational performance. In the same light, the regression analysis revealed that EO has a significant and positive impact on the organizational performance of MFIs in Yaoundé. The findings of the study will help entrepreneurs, business management researchers, and practitioners (managers) in developing strategies for better performance.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130054292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mushtaq Hussain Khan, Mohammad Bitar, Amine Tarazi, Arshad Hassan, A. Fraz
This paper investigates whether the risk-taking of Islamic banks is differently affected by corruption compared to conventional banks. Indeed, the presence of Shari’ah supervisory boards (SSBs), as a cornerstone of Islamic banking, is expected to deter the influence of corruption on risk-taking for Islamic banks. We consider a matched sample of 70 Islamic and conventional banks operating in 10 OIC (Organization of Islamic Cooperation) countries over the 2012-2017 period. We find consistent evidence that higher levels of corruption are associated with higher bank risk for both conventional and Islamic banks. However, this association is stronger for conventional banks. Furthermore, for Islamic banks, the impact of corruption on risk-taking is significantly reduced with higher representation of females in Shari’ah supervisory boards and higher academic qualifications of board members. The role played by such board members in mitigating the impact of corruption on risk-taking is more effective for Islamic banks than for conventional banks.
{"title":"Corruption and bank risk-taking: The deterring role of Shari’ah supervision","authors":"Mushtaq Hussain Khan, Mohammad Bitar, Amine Tarazi, Arshad Hassan, A. Fraz","doi":"10.2139/ssrn.3936029","DOIUrl":"https://doi.org/10.2139/ssrn.3936029","url":null,"abstract":"This paper investigates whether the risk-taking of Islamic banks is differently affected by corruption compared to conventional banks. Indeed, the presence of Shari’ah supervisory boards (SSBs), as a cornerstone of Islamic banking, is expected to deter the influence of corruption on risk-taking for Islamic banks. We consider a matched sample of 70 Islamic and conventional banks operating in 10 OIC (Organization of Islamic Cooperation) countries over the 2012-2017 period. We find consistent evidence that higher levels of corruption are associated with higher bank risk for both conventional and Islamic banks. However, this association is stronger for conventional banks. Furthermore, for Islamic banks, the impact of corruption on risk-taking is significantly reduced with higher representation of females in Shari’ah supervisory boards and higher academic qualifications of board members. The role played by such board members in mitigating the impact of corruption on risk-taking is more effective for Islamic banks than for conventional banks.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"44 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132974332","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Paola Morales, Daniel Osorio-Rodíguez, J. S. Lemus-Esquivel, M. Sarmiento
How does the expansion of domestic banks in international markets affect the bank lending channel of monetary policy? Using bank-firm loan-level data, we find that loan growth and loan rates from international banks respond less to monetary policy changes than domestic banks and that internationalization partially mitigates the risk-taking channel of monetary policy. Banks with a large international presence tend to tolerate more their credit risk exposition relative to domestic banks. Moreover, international banks tend to rely more on foreign funding when policy rates change, allowing them to insulate better the monetary policy changes from their credit supply than domestic banks. This result is consistent with the predictions of the internal capital markets hypothesis. We also show that macroprudential FX regulation reduces banks with high FX exposition access to foreign funding, ultimately contributing to monetary policy transmission. Overall, our results suggest that the internationalization of banks lowers the potency of the bank lending channel. Furthermore, it diminishes the risk-taking channel of monetary policy within the limit established by macroprudential FX regulations.
{"title":"The Internationalization of Domestic Banks and the Credit Channel of Monetary Policy","authors":"Paola Morales, Daniel Osorio-Rodíguez, J. S. Lemus-Esquivel, M. Sarmiento","doi":"10.2139/ssrn.3945599","DOIUrl":"https://doi.org/10.2139/ssrn.3945599","url":null,"abstract":"How does the expansion of domestic banks in international markets affect the bank lending channel of monetary policy? Using bank-firm loan-level data, we find that loan growth and loan rates from international banks respond less to monetary policy changes than domestic banks and that internationalization partially mitigates the risk-taking channel of monetary policy. Banks with a large international presence tend to tolerate more their credit risk exposition relative to domestic banks. Moreover, international banks tend to rely more on foreign funding when policy rates change, allowing them to insulate better the monetary policy changes from their credit supply than domestic banks. This result is consistent with the predictions of the internal capital markets hypothesis. We also show that macroprudential FX regulation reduces banks with high FX exposition access to foreign funding, ultimately contributing to monetary policy transmission. Overall, our results suggest that the internationalization of banks lowers the potency of the bank lending channel. Furthermore, it diminishes the risk-taking channel of monetary policy within the limit established by macroprudential FX regulations.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"2012 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131854969","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The information banks have about borrowers drives their lending decisions and macroeconomic outcomes, but this information is inherently difficult to analyze because it is private. We construct a novel measure of bank information quality from confidential regulatory data that include banks’ private loan-level risk assessments for US corporate loans. We show that our measure of information quality improves as local economic conditions deteriorate, particularly among loans with greater information sensitivity. To alleviate endogeneity concerns, we also use unexpected snowfall as an exogenous shock to local economic conditions. Taken together, our results provide support for theories in which economic conditions and security design decisions drive information production in credit markets. Our findings also suggest that policies designed to stimulate macroeconomic activity through the banking sector may be less effective in recessions.
{"title":"Bank Information Production Over the Business Cycle","authors":"Gregory Weitzner, Cooper Howes","doi":"10.2139/ssrn.3934049","DOIUrl":"https://doi.org/10.2139/ssrn.3934049","url":null,"abstract":"The information banks have about borrowers drives their lending decisions and macroeconomic outcomes, but this information is inherently difficult to analyze because it is private. We construct a novel measure of bank information quality from confidential regulatory data that include banks’ private loan-level risk assessments for US corporate loans. We show that our measure of information quality improves as local economic conditions deteriorate, particularly among loans with greater information sensitivity. To alleviate endogeneity concerns, we also use unexpected snowfall as an exogenous shock to local economic conditions. Taken together, our results provide support for theories in which economic conditions and security design decisions drive information production in credit markets. Our findings also suggest that policies designed to stimulate macroeconomic activity through the banking sector may be less effective in recessions.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127153049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-29DOI: 10.35609/jfbr.2021.6.2(1)
GATR Journals Submitter, Bryan Teoh Phern Chern
Objective – The personal financial planning and advice industry has been a growing industry for the past years and will continue to experience growth as the general wealth of the public increases, along with the economic recovery post Covid-19. This industry includes registered investment advisors (RIA) which are licensed by a locally approved institution, and financial educators and influencers that do not require licensing by a regulatory body. Methodology – There are many benefits that these parties can bring towards the financial health of their clients and viewers such as having a thorough personal financial plan, investment strategies, and retirement planning. However, this industry has also received many negative feedbacks and experiences from clients regarding the general system of the industry or specific areas within the sector. One of the objectives of this article is to evaluate the evolution of the personal financial planning industry over the years, how it has transitioned from traditional methods into current industry standards, and where it might be heading in the coming years. Findings– The findings of the paper provide clarity and insight into the mature industry which can benefit current and potential consumers, promoting healthier industry development. Novelty – The next objective is to investigate the risk and rewards of the current personal financial planning and advice industry towards consumers. This paper will critically review the past literature and evaluate contemporary views from various perspectives to achieve the above objectives. Type of Paper: Review JEL Classification: G20 I22 Keywords: Conflicts of interest; Financial advice; Financial planning; Influencers; Personal finance
{"title":"Evaluating the Evolution of the Personal Financial Planning Industry: Mutualism, Commensalism, or Parasitism","authors":"GATR Journals Submitter, Bryan Teoh Phern Chern","doi":"10.35609/jfbr.2021.6.2(1)","DOIUrl":"https://doi.org/10.35609/jfbr.2021.6.2(1)","url":null,"abstract":"Objective – The personal financial planning and advice industry has been a growing industry for the past years and will\u0000continue to experience growth as the general wealth of the public increases, along with the economic recovery post\u0000Covid-19. This industry includes registered investment advisors (RIA) which are licensed by a locally approved\u0000institution, and financial educators and influencers that do not require licensing by a regulatory body.\u0000Methodology – There are many benefits that these parties can bring towards the financial health of their clients and\u0000viewers such as having a thorough personal financial plan, investment strategies, and retirement planning. However,\u0000this industry has also received many negative feedbacks and experiences from clients regarding the general system of\u0000the industry or specific areas within the sector. One of the objectives of this article is to evaluate the evolution of the\u0000personal financial planning industry over the years, how it has transitioned from traditional methods into current\u0000industry standards, and where it might be heading in the coming years.\u0000Findings– The findings of the paper provide clarity and insight into the mature industry which can benefit current and\u0000potential consumers, promoting healthier industry development.\u0000Novelty – The next objective is to investigate the risk and rewards of the current personal financial planning and advice\u0000industry towards consumers. This paper will critically review the past literature and evaluate contemporary views from\u0000various perspectives to achieve the above objectives.\u0000Type of Paper: Review\u0000JEL Classification: G20 I22\u0000Keywords: Conflicts of interest; Financial advice; Financial planning; Influencers; Personal finance","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"197 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133782628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research focuses on factors affecting the acceptance of internet banking among users at Kurdistan International Bank and Cihan Bank, The problem of this research is represented in how we can describe factors affecting the acceptance of internet banking among users in studied organizations, and how we can approve this factors? Within this research we used specific model which include ordering steps to determine and describe the basic aspect of factors affecting the acceptance of internet banking, where by the questionnaire were developed and distributed on a sample of employees for every bank to collect required data. Then, the data statistically analyzed by using (SPSS) programs to reach the result. As a conclusion it has been found that there are a significant factors affecting the acceptance of internet banking among users in the selected banks.
{"title":"The Impact Factors on Acceptance the Internet Banking: Case of Kurdistan Region","authors":"Govand S. Srosht, Simon Thirun","doi":"10.2139/ssrn.3919527","DOIUrl":"https://doi.org/10.2139/ssrn.3919527","url":null,"abstract":"This research focuses on factors affecting the acceptance of internet banking among users at Kurdistan International Bank and Cihan Bank, The problem of this research is represented in how we can describe factors affecting the acceptance of internet banking among users in studied organizations, and how we can approve this factors? Within this research we used specific model which include ordering steps to determine and describe the basic aspect of factors affecting the acceptance of internet banking, where by the questionnaire were developed and distributed on a sample of employees for every bank to collect required data. Then, the data statistically analyzed by using (SPSS) programs to reach the result. As a conclusion it has been found that there are a significant factors affecting the acceptance of internet banking among users in the selected banks.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"71 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130231667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Marta Degl'Innocenti, Franco Fiordelisi, Wei-ling Song, Si Zhou
Does a decline in shareholder litigation enhance managers’ monitoring efforts by ensuring adequate firm risk management? We explore how state Universal Demand laws (which limit shareholder litigation as a mechanism to discipline managers, UD law hereafter), affects bank holding companies’ (BHCs) risk. Using a difference-in-differences analysis, we show that BHCs reduce their tail risk exposures after the implementation of the UD laws and that this is achieved by improving loan asset quality. Indeed, BHCs appear to apply stricter contract terms for syndicate loans to risky and opaque borrowers. We also show that UD law implementation leads to changes in BHC board composition by increasing the proportion of outside directors, the number of independent directors in audit committees, and the number of independent directors with financial expertise.
{"title":"Shareholder Litigation and Bank Risk","authors":"Marta Degl'Innocenti, Franco Fiordelisi, Wei-ling Song, Si Zhou","doi":"10.2139/ssrn.3917337","DOIUrl":"https://doi.org/10.2139/ssrn.3917337","url":null,"abstract":"Does a decline in shareholder litigation enhance managers’ monitoring efforts by ensuring adequate firm risk management? We explore how state Universal Demand laws (which limit shareholder litigation as a mechanism to discipline managers, UD law hereafter), affects bank holding companies’ (BHCs) risk. Using a difference-in-differences analysis, we show that BHCs reduce their tail risk exposures after the implementation of the UD laws and that this is achieved by improving loan asset quality. Indeed, BHCs appear to apply stricter contract terms for syndicate loans to risky and opaque borrowers. We also show that UD law implementation leads to changes in BHC board composition by increasing the proportion of outside directors, the number of independent directors in audit committees, and the number of independent directors with financial expertise.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124495110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mircea Epure, Irina Mihai, Camelia Minoiu, J. Peydró
We show that macroprudential policies dampen the impact of global financial conditions on local credit cycles. For identification, we exploit exogenous variation in the U.S. VIX and household and business credit registers in a small open economy, where banks depend on foreign funding and macroprudential measures vary over a full boom-bust cycle. When the VIX is low, tighter macroprudential policies (i) reduce household lending, notably for riskier (FX and high DSTI) loans and by banks dependent on foreign funding, (ii) increase local currency lending to real-estate firms, and (iii) dampen house prices and economic activity in areas with higher FX-loans.
{"title":"Global Financial Cycle, Household Credit, and Macroprudential Policies","authors":"Mircea Epure, Irina Mihai, Camelia Minoiu, J. Peydró","doi":"10.2139/ssrn.3044959","DOIUrl":"https://doi.org/10.2139/ssrn.3044959","url":null,"abstract":"We show that macroprudential policies dampen the impact of global financial conditions on local credit cycles. For identification, we exploit exogenous variation in the U.S. VIX and household and business credit registers in a small open economy, where banks depend on foreign funding and macroprudential measures vary over a full boom-bust cycle. When the VIX is low, tighter macroprudential policies (i) reduce household lending, notably for riskier (FX and high DSTI) loans and by banks dependent on foreign funding, (ii) increase local currency lending to real-estate firms, and (iii) dampen house prices and economic activity in areas with higher FX-loans.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124894315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The stability of financial institutions in coordinating and navigating the affairs of a nation’s economy is considered as a bedrock of economic development for any nation. The need to create an efficient financial system anchored on financial stability and effectiveness has become more imperative overtime in order to ensure economic growth. There is also the imminent need for financial institutions (Traditional and non-traditional financial institutions) to acclimatize to the trends of financial digitalization across the globe. The Central Bank of Nigeria (CBN) and the NDIC (Nigeria Deposit Insurance Corporation) are two financial bodies ladened with the responsibility of overseeing and managing the system of banking in Nigeria. This paper seeks to examine the roles of these two financial bodies in Nigeria in ensuring financial stability in the country’s economy.
{"title":"Roles of the CBN and NDIC in Nigeria's Monetary Policy and Regulation","authors":"Ogochukwu Joshua Ogwu","doi":"10.2139/ssrn.3902074","DOIUrl":"https://doi.org/10.2139/ssrn.3902074","url":null,"abstract":"The stability of financial institutions in coordinating and navigating the affairs of a nation’s economy is considered as a bedrock of economic development for any nation. The need to create an efficient financial system anchored on financial stability and effectiveness has become more imperative overtime in order to ensure economic growth. There is also the imminent need for financial institutions (Traditional and non-traditional financial institutions) to acclimatize to the trends of financial digitalization across the globe. The Central Bank of Nigeria (CBN) and the NDIC (Nigeria Deposit Insurance Corporation) are two financial bodies ladened with the responsibility of overseeing and managing the system of banking in Nigeria. This paper seeks to examine the roles of these two financial bodies in Nigeria in ensuring financial stability in the country’s economy.","PeriodicalId":405783,"journal":{"name":"PSN: Financial Institutions (Topic)","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116214006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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