CBN sets compliance deadline for banks, OFIs on new Shared Service Arrangement rules

Shared Service Arrangement rules

CBN sets compliance deadline for banks, OFIs on new Shared Service Arrangement rules     The Central Bank has issued guidelines for shared services arrangement for players in the country’s financial sector, setting a deadline for full compliance to the rules According to a circular signed May 26 by Kevin Amugo, Director of Finacial Policy and Regulatory Department at the apex bank, the absence of standards on shared services and transfer pricing arrangements in the Nigerian banking industry was evidenced on the uneven management of shared services. He noted that…

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