×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Read on the App

Central Bank of Kenya (CBK) seeks powers to name rogue banks

CBK Director of Bank Supervision Gerald Nyaoma after meeting the National Assembly Finance Committee at Continental House in Nairobi yesterday. He called for harsher fines for errant banks. (PHOTO: BONIFACE OKENDO/ STANDARD)

 

Central Bank of Kenya (CBK) yesterday asked MPs to amend the law to give it power to publicly name and shame rogue banks.

Officials of the Bank Supervision Unit said the sanction was necessary to make sure banks respect the directives of the CBK as a regulator.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in