Regulators to brainstorm on emerging financial stability risks

The Central Bank of Nigeria Governor, Godwin Emefiele, and the Director-General, Securities and Exchange Commission, Mr. Lamido Yuguda, will on Thursday, October 8, 2020 join others to discuss some emerging financial stability risks and policies that can be formulated to address them.

The event, organised by the Nigerian Stock Exchange, is themed, ‘The Future of the Financial Services Industry Post-COVID-19.’

Others billed to speak at the event include Deputy Governor of CBN, Ms Aishah Ahmad; Managing Director/Chief Executive Officer of Interswitch, Mr. Mitchell Elegbe; and CEO of Chapel Hill Denham, Mr. Bolaji Balogun.

These financial experts will join other stakeholders to share valuable experiences in managing the impact of the pandemic, as well as discuss the future of the Nigerian financial market, with the goal of charting a route to a sustainable future.

The CEO of NSE, Oscar Onyema, noted, “The world is facing unprecedented challenges occasioned by COVID-19.
“Considering this, the global financial system remains an area of potential risk, with record levels of market volatility and growing concern around credit losses and its attendant impact on overall asset quality, capital and liquidity.

“Governments, regulators and international organisations have moved rapidly to address the economic collapse and financial fallout, but questions remain around how policy should continue to evolve to preserve financial stability.”

According to him, organisers of the webinar believe that the insights gathered will lead to actionable solutions, policies and measures that can mitigate current and emerging financial stability risk.

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