In the face of the rising complexities of modern business, regulators need to constantly update their knowledge base of operations in the sectors they regulate to enable them stay ahead of operators perform their supervisory functions effectively.
Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji? Umaru Ibrahim re-emphasised this point while declaring open a six-week? training programme on Risk Based Supervision (RBS)for the Corporation’s examiners and analysts.
The training, organised by the NDIC in collaboration with the Office of Technical Assistance (OTA) of the United States Treasury, is to strengthen the supervisory capabilities of examiners and analysts to proactively monitor and supervise the banks in order to promote safety, soundness and stability of Nigeria’s financial system.