REGULATORY COMPLIANCE MEASURES AND FINANCIAL STABILITY OF DEPOSIT MONEY BANKS IN NIGERIA
Keywords:
Monetary policy regulation. Credit allocation regulation. Capital adequacy
Abstract
This study investigates the relationship between regulatory compliance measures and financial stability of DMBs in Nigeria during the period 2011 to 2021. The dimensions of regulatory compliance measures as the independent variable aremonetary policy regulation and credit allocation regulation, while financial stability as the dependent variable was measured with capital adequacy. Ex-post facto design was applied in the study to gather existing data on the variables. The Central Bank Statistical Bulletin formed the source of secondary data. E-view 10 software version was used for statistical analyses wherein descriptive, univariate, bivariate and multivariate results were produced. The results disclosed the following: positive and significant relationship between monetary policy regulation and capital adequacy, and positive and significant relationship between credit allocation regulation, and capital adequacy. From the findings, the research concluded as follows: that monetary policy regulation exhibited the potential to change capital adequacy amongst others. Thus, the study recommended that shareholders of quoted DMBs in Nigeria should understand the complex nature of banks’ capital adequacy in relation to financial regulations
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References
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Ekpu, V. (2016). Micro prudential versus macro prudential approaches to regulation and supervision. Lecture Presented at a Regional Course and Advanced Banking supervision and Financial Stability for Members of the College of Supervisors of the West African Monetary Zone (CSWAMZ), Lagos
Ekpung E. G; Udude C. C; &Uwalaka H. I (2015). The impact of monetary policy on the banking sector in Nigeria. International Journal of Economics, Commerce and Management United Kingdom, III (V), 1015 -1031
Ekundayo, B.I. (2006). Financial and real sector interactions in developing economies: the case of Nigeria. A paper submitted to African Development Finance Policy Workshop for Consideration in The Workshop.
Emami, M, Ahmadi, M. & Tabari, N. A. Y. (2013). The effect of liquidity risk on the performance of commercial Banks. International Research journal of Applied and Basic Sciences 4(6),1624-1631.
Eriki, P. O., & Osifo, O. (2015). Determinants of performance efficiency in Nigerian banking industry? ADEA approach. International Journal of Economics, Commerce and Management, III (2), 113-118.
Erina, J. & Lace, N. (2013). Commercial banks profitability indicators. Journal of Empirical Business Review, 2 (1), 1-9
Ezike, J. E. (2013). Capital adequacy standards, basle accord and bank performance: the Nigerian experience (a case study of selected banks in Nigeria). Asian Economic and Financial Review, 3(2), 146 – 159.
Fasanya, I. O., Onakoya, A. B. O. &Agboluaje, M. A., (2013). Does monetary policy influence economic growth In Nigeria? Asian Economic and Financial Review, 3(5), 635-646. Retrieved from www.aessweb.com/download.php?id=1883.
Floquet, K. &Biekpe, N. (2008). The relationship between capital structure and risk in emerging market banks. Journal of Problems and Perspectives in Management, 6 (4), 24-36.
Freeman, R. E, Wicks, C. A & Parmar, B. (2004). Stakeholder theory and the corporate objective Revisited. Organization Science Journal, 15(3), 364-369, http://dx.doi.org/10.2307/3665716.
Galbis, V. (1982). An analytical aspect of interest rate policies in less developed countries: a theoretical approach. Journal Development Study, 2 (13), (59-72.).
Gardener, P. M. (2006). Supervision in the United Kingdom. in banking supervision: evolution, practice and issues, London: P. M. Gardener (Ed.) U.K.
George, E.A.J. (2004). The pursuit of financial stability, Bank of England Quarterly Bulletin, 3(4), 60-66.
Goodhart, C. (2015), “Linkages between macro-prudential and micro-prudential supervision. Butterworth’s Journal of International Banking and Financial Law, 30 (10), 607-609
Graham. C.& Bordeleau, E. (2010). The impact of liquidity on profitability, Bank of Canada Journal Review, 3(8), 6-22.
Gul, H., Mughal, K. & Rahim, S. (2012). Linkage between monetary instruments and economic growth, Universal Journal of Management and Social Sciences, 2(5), 69-76
Gummi, U. M. (2012). Financial regulations and the Nigeria’s banking sector. Retrieved from www.businessdayonline.com.
Gunningham, N. (2004). Pollution, social interest and the law. London: Martin Robertson and Company.
Haldane, A; Hoggarth, G. & Saporta, V. (2001). Assessing financial system stability, efficiency and structure at the Bank of England in marrying the macro and micro-prudential dimensions of financial stability, 138–59. Bank for International Settlements.
Hameed, G., Khalid, M. and Sabit, R. (2012) Linkage between Monetary Instruments and Economic Growth. Universal Journal of Management and Social Sciences, 2, 69-76.
Hanke, S.H. (2013). Basel’s Capital Curse. Financial Nigeria. Development and Finance Journal. 5(54), 34-37.
Hassan, M. K., Sanchez, B. & Yu, S. J. (2011). Financial development and economic growth: new evidence from panel data. The Quarterly Review of Economics and Finance, 51(1), 88-104. DOI: http://dx.doi.org/10.1016/j.qref.2010.09.001.
Huntington, S. (2002). The marasmus of the ICC. Yale Law Journal, 6(1), 467 – 509
Igbinosa, S., Ogbeide, S and, Babatunde, A. (2017). Empirical assessment on financial regulations and banking sector performance. Journal of Central Banking Theory and Practice, 4(2) 143-155
Ighomwenghian, K. (2010). The pains of Sanusi’s reforms, available online at https:allafrica//allafrica.com.
Ioannidou, V. & Penas, M.F. (2010). Deposit insurance and bank risk taking: evidence from international loan ratings. Journal of Financial Intermediation, 19 (1), 95-115
Ireland, P.N. (2008). Monetary transmission mechanism. the new Palgrave dictionary of economics hound-mills, Basingstoke, UK. Palgrave Macmillan.
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Published
2024-07-31
How to Cite
JUSTINA, S., OFURUM, C. .O., & EGBE, S. (2024). REGULATORY COMPLIANCE MEASURES AND FINANCIAL STABILITY OF DEPOSIT MONEY BANKS IN NIGERIA. GPH-International Journal of Social Science and Humanities Research, 7(06), 112-133. https://doi.org/10.5281/zenodo.13141034
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