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Banwo & Ighodalo: proud sponsors of CMSA's first Nigerian Structured Products Summit

Posted on Wed 22 Feb 2017

The Capital Market Solicitors Association of Nigeria (“CMSA”), in partnership with the American Bar Association Task Force on Financial Engineering for Economic Development (“FEED”) and the International Swaps and Derivatives Association (“ISDA”), have jointly organised the first Nigerian Structured Products Summit. The two-day Summit commenced on 21st February 2017 at the Civic Centre, Victoria Island, Lagos and will also feature trainings sessions on structured products on 22nd February at the Radisson Blu hotel, also in Victoria Island, Lagos.

The Summit which aims to ultimately foster enforceability of a wide range of financial contracts in Nigeria and clarify the position of financial collateral arrangements with a view to increasing the attractiveness of the Nigerian markets to both local and foreign investors; as well as to build an understanding of the role of more efficient financial solutions in risk management, was very well attended.

In her closing remarks on the 21st, Ayotunde Owoigbe (Partner, Banwo & Ighodalo and current Vice Chair of CMSA) noted: “We see huge volumes of bilateral derivatives transactions being successfully closed in the Nigerian market. One can thus imagine the boundless opportunities to be tapped when Nigeria establishes a clear legal and regulatory framework for the deployment of structured products, including amongst others, the enactment of a law on netting, the establishment of a Central Counterparty and collaboration by the relevant regulatory authorities”.

Click here for more information about the Summit, its organisers and sponsors.

Photos from the event…