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

office building

Publication

Benjamin Moore redetermination: Canadian Commissioner of Patents refuses computer-implemented invention patent applications a second time

The Commissioner of Patents has once again determined that two patent applications for computer-implemented inventions filed by Benjamin Moore & Co. are invalid for seeking to claim unpatentable subject matter.

Canada | September 5, 2025

Intellectual property
construction

Publication

Paiements rapides et règlement accéléré des différends en construction : ce qu’il faut savoir

Un nouveau règlement visant l’accession à des paiements plus rapides et à un processus de règlement accéléré des différends pendant l’exécution des travaux entrera en vigueur le 8 septembre 2025 (Règlement), marquant ainsi un tournant majeur pour les intervenants de l’industrie de la construction.

Canada | Le 5 septembre 2025

Construction and engineering
lightbulb

Publication

PAB refuses financial-related software invention patent application for unpatentable subject matter

In 2025 CACP 7 / Commissioner’s Decision 1688, the Patent Appeal Board refused Edward Jones & Co.’s patent application because the claims in the application were not patentable subject matter, as they were directed to subject matter prohibited under subsection 27(8) (mere scientific principle or abstract theorem) of the Patent Act.

Canada | Intellectual property

Intellectual property
Site search

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

Register now