Enhancing risk surveillance on banks will provide better safety for customers

KDIC CEO Mohamud Ahmed Mohamud

Money is an emotive issue. People will go to any lengths to ensure their hard earned money is safe and secure. Safeguarding their clients’ money remains the cardinal role of banks and being a custodian comes with certain obligations: that the money will be available on call and more importantly, that the safety of the deposits is guaranteed and invested prudently.

Kenyan banks have earned the trust of the banking public, at least in the recent past. There are today fewer incidences of banks being placed under receivership compared to the 80s when we had some systemic challenges in the banking sector.