Bankers to introduce tough rules to weed out ‘bad apples’

The Kenya Bankers Association (KBA) is working on a self–regulatory framework and standards that will see it take a legal stand on any member involved in unethical practices.

Kenya Bankers Association Chief Executive Officer, Habil Olaka adress a press conference during the signing of on to the "Code of Ethics for Business in Kenya", and announced plans to adopt a Self-Regulatory Framework and Conduct Standards for member banks ahead of the KBA Annual General Meeting to be held in June 2016.this was held on 21/04/2016 in a Nairobi hotel. Photo by WILLIS AWANDU

The standards, which will be adopted in June during the KBA Annual General Meeting, will seek to address issues specific to the banking industry in order to complement the existing Code of Ethics for Business in Kenya.