CBN Publishes Exposure Draft On The Guidelines For Shared Services Arrangements For Banks And OFIs

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Wednesday, November 27, 2019 /08:47 AM  / By The Central Bank of Nigeria / Header Image Credit: Proshare

 

The absence of standards on shared services and transfer pricing arrangements have resulted in uneven management of shared services in the banking industry. These have raised concerns in relation to governance, financial and tax issues. 

Accordingly, the Central Bank of Nigeria (CBN) is developing a Guidance Note to banks and other financial institutions on the initiation, evaluation and pricing of shared services and other matters connected thereto. 

The Exposure Draft is hereby issued for comments and observations.

We would be pleased to receive comments through the Director, Financial Policy and Regulation Department, Central Bank of Nigeria, Abuja by Friday December 6, 2019. Softcopies of your comments may also be forwarded to hiyole@cbn.gov.ng and cponyekwe@cbn.qov.ng

 

Download Here Exposure Draft on The Guidelines For Shared Services Arrangements For Banks And OFIs

 

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