The Directive includes instruments such as the counter-cyclical capital buffer, the systemic risk buffer and possibly also the capital surcharge for Systemically Important Financial Institutions as well as Pillar II measures. On the other hand, the macro-prudential toolkit defined in the Regulation will probably contain large exposure limits, public disclosure requirements, liquidity requirements, risk weights for mortgage exposures, and intra financial sector exposures.
The CBN and NDIC stand ready to provide every necessary support to the new Board to recapitalize the bank, and ensure that it meets the aspirations of the shareholders, depositors and the Nigerian public. This will be completed within the shortest possible time. 3. We assure all depositors of Springbank that their money is safe.