A closer look at Africa’s banking sector

Banks require specific resolution arrangements as a result of their interconnectedness with each other, the rest of the financial system, and the real economy. A credible recovery and resolution regime not only impacts depositors, it can also have potential impacts on international debt markets, rating agencies and correspondent banking.

Working with colleagues and correspondent law firms from across Africa, we undertook a review concerning the state of recovery and resolution laws for banks against the FSB Key Attributes*. The key issues we examined include:

  • Requirements to prepare recovery and resolution plans
  • Powers to transfer shares of the bank and/or its assets
  • Suspensions of counterparties’ ability to exercise termination and security rights
  • Impacts on creditors and protections to ensure that they are no worse off than in an insolvency
  • Protection for bank directors and officers from liability for decisions made by the resolution authority

We developed ‘State of bank and recovery and resolution laws in Africa’ as part of our NRF Institute to provide a practical overview of the requirements applicable to more than 20 jurisdictions across Africa.

You can use the guide to:

  • Create and customise your own reports – compare multiple jurisdictions or report on them individually
  • Learn about the key themes drawn from the study
  • Gain regional insight by examining the key findings and impacts across each jurisdiction

Register for the guide

To request access to ‘State of bank recovery and resolution laws in Africa’, please register to join NRF Institute.

Registration indicates acceptance of the terms and conditions which include important information about how our product will be delivered.

Members of NRF Institute can access a range of premium content including knowledge hubs and cross-border guides.

*In response to the 2008 global financial crisis, the Financial Stability Board (FSB) published its ‘Key Attributes for Effective Resolution Regimes For Financial Institutions’. These attributes set out the core elements that the international body considers to be necessary for an effective resolution regime.



Contacts

Alan Bainbridge
Alan Bainbridge
Partner
Email
alan.bainbridge@nortonrosefulbright.com
T: +44 (20) 74443279
Roberto Cristofolini
Roberto Cristofolini
Partner
Email
roberto.cristofolini@nortonrosefulbright.com
T: +33 (1) 56595245
Simon Lovegrove
Simon Lovegrove
Global Director of Financial Services Knowledge, Innovation and Product
Email
simon.lovegrove@nortonrosefulbright.com
T: +44 (20) 74443110

Practice areas:

Industry:

Recent publications

Publication

Global antitrust and competition trends: 2025 hot topics

Antitrust authorities are increasingly aggressive in pursuing new theories of harm, pushing the boundaries of what amounts to an antitrust violation, and expanding the use of current legislation and regulation to fit a new era of issues.

Global | May 16, 2025

Antitrust and competition
Digital concept of data flow

Publication

Generative AI: A global guide to key IP considerations

Artificial intelligence (AI) raises many intellectual property (IP) issues.

Global | May 15, 2025

Artificial intelligence (AI)

Publication

US/Ukraine minerals deal: Digging into the detail

The United States and Ukraine governments have announced the signature of an agreement of a minerals deal for Ukraine.

Global | May 01, 2025

Mining
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now