Who will save Kenyans from rogue firms?

Police keep watch outside a Chase Bank branch in Kisumu after customers stormed it demanding to know why it was placed under receivership. PHOTO: COLLINS ODUOR

NAIROBI: The spotlight is now on regulators in the financial sector after a third bank went into receivership in just nine months.

This has put into question the role of the Central Bank of Kenya (CBK) and Capital Markets Authority (CMA) with regards to their responsibility in protecting bank customers and investors in firms that have raised money through public calls for funds.