Central banks of West African countries must ensure that regulatory requirements are tailor-made to foster compliance with international standards, the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has said. Speaking yesterday in Abuja at the 10th meeting of the College of Supervisors for Non-Bank Financial Institutions of the West African Monetary Zone, Cardoso said it is important for the meeting to focus on climate risk regulation during the technical sessions. He noted that the non-bank financial institutions (NBFIs) might be small, but that the sub-sector must not be excused from global best practices. Cardoso declared that the NBFI
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