Browsing by Author "Puja, Albert Chris"

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    Rethinking the institutional structure of financial regulation in an era of fintech: the Nigerian case
    (University of the Western Cape, 2023) Puja, Albert Chris; Lawack, Vivienne
    The study explores why and how to adapt the institutional structure of financial regulation to address the risks, changes, and regulatory challenges of financial technology (Fintech). Drawing on authoritative literature and practical examples from various jurisdictions, including South Africa, United Kingdom, Indonesia, and Singapore, the study identifies crucial requirements for an effective institutional structure to regulate Fintech. These requirements are used as a benchmark for evaluating Nigeria’s existing institutional of financial regulation and proposing reforms for the country. The argument presented in the study suggests that instead of a complete overhaul, Nigeria should prioritise introducing piecemeal reforms to rectify the deficiencies in its current institutional structure. However, the study also proposes that an overhaul of the existing institutional structure could be explored in the long run if the proposed piecemeal reforms do not yield the desired results. The study contributes to the literature on the institutional aspects of financial regulation, Fintech regulation, and regulatory coordination.
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    The role of legal and policy incentives in promoting factoring as a financing alternative for Smes in Nigeria
    (University of the Western Cape, 2021) Puja, Albert Chris; Wandrag, Riekie
    Timely, adequate and affordable access to finance is pivotal to bolstering the participation of small and medium-size enterprises (SMEs) in both domestic and international trade. Regrettably, despite their immense contributions to the economy, most SMEs in Nigeria and across Africa find it extremely challenging to access finance from banks and the stock market. As a result, they cannot fund their working capital and trade financing needs conveniently, and this undermines their growth and capacity to contribute even more to the economy. This situation has made it imperative to continue exploring alternative sources of finance that may be more accessible and align better with the peculiarities of SMEs.