Regulation and the (Ir)Relevance of Other Financial Institutions in Banking System Growth

Adetiloye, K. A. and Taiwo, J.N. and Adegboye, F.B. (2014) Regulation and the (Ir)Relevance of Other Financial Institutions in Banking System Growth. Regulation and the (Ir)Relevance of Other Financial Institutions in Banking System Growth, 76 (8). pp. 370-381. ISSN 0031-4773

PDF - Published Version Download (463kB)

Abstract

The banking system growth through capitalisations in Nigeria produced some after-effects, both salutary and otherwise on the other financial institutions. The major objective of this paper was to find out the impact of the growth of the banking system on the OFIs. It used primary and secondary data to assess the impact of the growth and regulation on the OFIs. The paper adapted the Regulatory Pressure Index to assess the perception of regulation and supervision of the OFIs with granger causality and regressions and the main techniques of estimation. The results indicate that the bank growth had positively impacted the Primary Mortgage Institutions and the Microfinance banks while it has a negative near-significant effect on the Finance Houses. The results of the nine RPI objectives indicate that operators agree that there is inadequate supervision in the areas of capital adequacy, liquidity and products offerings of the OFIs. The paper concludes by recommending the change in the mode of supervision and the strengthening the Other Financial Institutions Department of the monetary authority or establishment of a new one to oversee and adequately regulate the activities of the OFIs.

Item Type:	Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Dr Folasade Bosede Adegboye
Date Deposited:	13 May 2016 09:45
Last Modified:	13 May 2016 09:45
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/6572

Actions (login required)

View Item