We have already introduced tenure limits for bank CEOs and intend to implement the term limits set out in the 2006 Code of Conduct for the banking Industry with respect to non executive directors and auditors in the immediate future. We have already begun the transition to a risk-based supervision, thus aligning the CBN with international regulators.
This is part 2 of our 5-part programme. The CBN will ensure RBS principles, methodology and processes are established across the CBN and NDIC. A programme management structure will be established within the CBN to ensure that there is  BIS Review 49/2010  9  a high level of communication with the industry, implementation quality is measured and examiners acquire the necessary skills.