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

By Alphonce Shiundu | Apr. 27, 2016
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.

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